Private Advisor Group LLC grew its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 17.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 822,080 shares of the company’s stock after buying an additional 122,294 shares during the quarter. Private Advisor Group LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $41,071,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in XLG. LPL Financial LLC increased its position in Invesco S&P 500 Top 50 ETF by 10.2% in the third 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 during the period. Raymond James & Associates increased its position in Invesco S&P 500 Top 50 ETF by 69.7% in the third quarter. Raymond James & Associates now owns 816,880 shares of the company’s stock worth $38,826,000 after purchasing an additional 335,532 shares during the period. Bank Hapoalim BM acquired a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter worth about $13,289,000. HighTower Advisors LLC increased its position in Invesco S&P 500 Top 50 ETF by 27.7% in the third quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock worth $43,982,000 after purchasing an additional 200,879 shares during the period. Finally, Stratos Wealth Partners LTD. increased its position in Invesco S&P 500 Top 50 ETF by 66.5% in the fourth 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 Stock Down 0.1 %
Shares of XLG stock opened at $51.55 on Wednesday. The stock has a 50-day moving average price of $50.75 and a 200 day moving average price of $48.57. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 12 month low of $39.75 and a 12 month high of $51.80.
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.
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Want to see what other hedge funds are holding XLG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report).
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