Farther Finance Advisors LLC Purchases 86,855 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Farther Finance Advisors LLC raised its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 51.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 255,644 shares of the company’s stock after buying an additional 86,855 shares during the quarter. Farther Finance Advisors LLC owned about 0.15% of Invesco S&P 500 Top 50 ETF worth $11,821,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Truist Financial Corp increased its stake in shares of Invesco S&P 500 Top 50 ETF by 1.5% in the fourth quarter. Truist Financial Corp now owns 29,649 shares of the company’s stock worth $1,481,000 after buying an additional 426 shares during the period. US Bancorp DE lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 2.5% in the fourth quarter. US Bancorp DE now owns 24,549 shares of the company’s stock worth $1,226,000 after buying an additional 610 shares in the last quarter. Investors Research Corp raised its stake in Invesco S&P 500 Top 50 ETF by 50.7% during the fourth quarter. Investors Research Corp now owns 2,877 shares of the company’s stock valued at $144,000 after purchasing an additional 968 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter worth $324,000. Finally, LWM Advisory Services LLC grew its position in Invesco S&P 500 Top 50 ETF by 11.9% in the 4th quarter. LWM Advisory Services LLC now owns 64,335 shares of the company’s stock valued at $3,214,000 after acquiring an additional 6,864 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Trading Up 1.1%

XLG opened at $50.14 on Monday. The stock has a fifty day moving average price of $46.38 and a 200-day moving average price of $48.56. The firm has a market cap of $9.03 billion, a price-to-earnings ratio of 26.13 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a 12 month low of $39.50 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.