Financial Advocates Investment Management Grows Stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Financial Advocates Investment Management raised its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 21.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,364 shares of the company’s stock after purchasing an additional 38,870 shares during the period. Financial Advocates Investment Management owned 0.22% of Invesco S&P 500 Top 50 ETF worth $10,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XLG. LPL Financial LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 10.2% during the 3rd quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock valued at $379,264,000 after buying an additional 741,770 shares during the period. Raymond James & Associates increased its position in Invesco S&P 500 Top 50 ETF by 69.7% during the third quarter. Raymond James & Associates now owns 816,880 shares of the company’s stock valued at $38,826,000 after acquiring an additional 335,532 shares during the last quarter. Bank Hapoalim BM purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter valued at $13,289,000. HighTower Advisors LLC lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 27.7% in the 3rd quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock worth $43,982,000 after acquiring an additional 200,879 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 66.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 476,332 shares of the company’s stock worth $23,798,000 after purchasing an additional 190,180 shares during the period.

Invesco S&P 500 Top 50 ETF Trading Up 0.2 %

Shares of NYSEARCA:XLG opened at $50.92 on Thursday. Invesco S&P 500 Top 50 ETF has a 12 month low of $39.75 and a 12 month high of $51.80. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. The firm’s 50-day moving average is $50.58 and its 200 day moving average is $48.20.

Invesco S&P 500 Top 50 ETF Profile

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.