Founders Financial Alliance LLC Purchases 6,893 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Founders Financial Alliance LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 1,767.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,283 shares of the company’s stock after purchasing an additional 6,893 shares during the quarter. Founders Financial Alliance LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XLG. Raymond James Financial Inc. purchased a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter worth about $112,591,000. Independent Advisor Alliance bought a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at approximately $38,858,000. LPL Financial LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 10.2% in the 3rd quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock worth $379,264,000 after purchasing an additional 741,770 shares in the last quarter. Bank Hapoalim BM purchased a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter worth about $13,289,000. Finally, PMG Wealth Management Inc. bought a new position in Invesco S&P 500 Top 50 ETF during the 4th quarter valued at about $11,276,000.

Invesco S&P 500 Top 50 ETF Stock Down 0.6 %

Shares of NYSEARCA XLG opened at $46.07 on Wednesday. The firm’s 50-day moving average price is $50.19 and its 200-day moving average price is $49.05. Invesco S&P 500 Top 50 ETF has a 52-week low of $39.75 and a 52-week high of $51.80. The company has a market cap of $8.28 billion, a PE ratio of 29.57 and a beta of 1.01.

About Invesco S&P 500 Top 50 ETF

Guggenheim Russell Top 50 Mega Cap ETF (the Fund), formerly Rydex Russell Top 50 ETF, seeks to replicate as closely as possible the performance of the Russell Top 50 Index (the Index). The Index is an unmanaged capitalization-weighted index consisting of the 50 largest companies in the Russell 3000 Index.