Lifelong Wealth Advisors Inc. Acquires New Shares in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Lifelong Wealth Advisors Inc. acquired a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 30,751 shares of the company’s stock, valued at approximately $1,415,000. Invesco S&P 500 Top 50 ETF accounts for about 0.7% of Lifelong Wealth Advisors Inc.’s portfolio, making the stock its 23rd biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. grew its holdings in Invesco S&P 500 Top 50 ETF by 2.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 9,017 shares of the company’s stock worth $450,000 after acquiring an additional 239 shares in the last quarter. Pacific Sun Financial Corp grew its holdings in Invesco S&P 500 Top 50 ETF by 4.3% during the 1st quarter. Pacific Sun Financial Corp now owns 6,624 shares of the company’s stock worth $305,000 after acquiring an additional 275 shares in the last quarter. Walker Asset Management LLC grew its holdings in Invesco S&P 500 Top 50 ETF by 0.8% during the 1st quarter. Walker Asset Management LLC now owns 34,761 shares of the company’s stock worth $1,600,000 after acquiring an additional 282 shares in the last quarter. Baker Avenue Asset Management LP grew its holdings in Invesco S&P 500 Top 50 ETF by 3.6% during the 4th quarter. Baker Avenue Asset Management LP now owns 8,387 shares of the company’s stock worth $419,000 after acquiring an additional 295 shares in the last quarter. Finally, Novak & Powell Financial Services Inc. grew its holdings in Invesco S&P 500 Top 50 ETF by 5.6% during the 4th quarter. Novak & Powell Financial Services Inc. now owns 5,672 shares of the company’s stock worth $283,000 after acquiring an additional 300 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

XLG stock opened at $51.20 on Thursday. The firm has a market cap of $9.28 billion, a price-to-earnings ratio of 27.80 and a beta of 1.05. The firm has a 50-day simple moving average of $48.17 and a two-hundred day simple moving average of $48.62. Invesco S&P 500 Top 50 ETF has a one year low of $39.50 and a one year high of $51.80.

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.