WealthPlan Investment Management LLC bought a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 38,568 shares of the company’s stock, valued at approximately $2,009,000.
Several other hedge funds have also added to or reduced their stakes in the stock. LPL Financial LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 8.7% in the first quarter. LPL Financial LLC now owns 10,622,082 shares of the company’s stock worth $488,828,000 after acquiring an additional 847,025 shares in the last quarter. Invesco Ltd. boosted its holdings in Invesco S&P 500 Top 50 ETF by 212.9% in the first quarter. Invesco Ltd. now owns 3,363,435 shares of the company’s stock worth $154,785,000 after acquiring an additional 2,288,508 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 130.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,505,947 shares of the company’s stock valued at $115,324,000 after purchasing an additional 1,417,535 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Invesco S&P 500 Top 50 ETF during the first quarter valued at $110,557,000. Finally, Raymond James Financial Inc. lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 1.1% during the first quarter. Raymond James Financial Inc. now owns 2,279,275 shares of the company’s stock valued at $104,892,000 after purchasing an additional 25,649 shares in the last quarter.
Invesco S&P 500 Top 50 ETF Price Performance
Shares of NYSEARCA:XLG opened at $57.50 on Thursday. The company has a market cap of $11.06 billion, a P/E ratio of 27.80 and a beta of 1.00. Invesco S&P 500 Top 50 ETF has a 1 year low of $39.50 and a 1 year high of $58.48. The stock’s fifty day moving average price is $56.17 and its 200-day moving average price is $51.47.
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.
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