Oppenheimer & Co. Inc. Increases Stock Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Oppenheimer & Co. Inc. boosted its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 0.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,244 shares of the company’s stock after purchasing an additional 554 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $2,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. B. Riley Wealth Advisors Inc. raised its stake in Invesco S&P 500 Top 50 ETF by 2.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 9,017 shares of the company’s stock valued at $450,000 after purchasing an additional 239 shares in the last quarter. Pacific Sun Financial Corp raised its holdings in shares of 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 valued at $305,000 after buying an additional 275 shares in the last quarter. Walker Asset Management LLC lifted its position in Invesco S&P 500 Top 50 ETF by 0.8% in the 1st quarter. Walker Asset Management LLC now owns 34,761 shares of the company’s stock worth $1,600,000 after buying an additional 282 shares during the last quarter. Baker Avenue Asset Management LP boosted its stake in Invesco S&P 500 Top 50 ETF by 3.6% in the fourth quarter. Baker Avenue Asset Management LP now owns 8,387 shares of the company’s stock worth $419,000 after buying an additional 295 shares in the last quarter. Finally, Novak & Powell Financial Services Inc. boosted its stake in Invesco S&P 500 Top 50 ETF by 5.6% in the fourth quarter. Novak & Powell Financial Services Inc. now owns 5,672 shares of the company’s stock worth $283,000 after buying an additional 300 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of NYSEARCA XLG opened at $51.20 on Thursday. The stock has a market capitalization of $9.28 billion, a P/E ratio of 27.80 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a one year low of $39.50 and a one year high of $51.80. The firm’s 50 day simple moving average is $48.17 and its two-hundred day simple moving average is $48.62.

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.