Invesco S&P 500 Top 50 ETF $XLG Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 8.4% in the second quarter, HoldingsChannel reports. The fund owned 1,767,771 shares of the company’s stock after buying an additional 136,418 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $92,100,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Cullen Frost Bankers Inc. increased its position in Invesco S&P 500 Top 50 ETF by 0.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 22,335 shares of the company’s stock worth $1,164,000 after purchasing an additional 188 shares in the last quarter. Balboa Wealth Partners increased its position in Invesco S&P 500 Top 50 ETF by 2.2% during the 2nd quarter. Balboa Wealth Partners now owns 9,660 shares of the company’s stock worth $503,000 after purchasing an additional 210 shares in the last quarter. Smith Salley Wealth Management increased its position in Invesco S&P 500 Top 50 ETF by 2.9% during the 2nd quarter. Smith Salley Wealth Management now owns 7,555 shares of the company’s stock worth $394,000 after purchasing an additional 215 shares in the last quarter. Pacific Sun Financial Corp increased its position in Invesco S&P 500 Top 50 ETF by 3.2% during the 2nd quarter. Pacific Sun Financial Corp now owns 6,839 shares of the company’s stock worth $356,000 after purchasing an additional 215 shares in the last quarter. Finally, Concord Wealth Partners increased its position in Invesco S&P 500 Top 50 ETF by 13.3% during the 2nd quarter. Concord Wealth Partners now owns 1,853 shares of the company’s stock worth $97,000 after purchasing an additional 217 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

XLG opened at $60.52 on Thursday. The firm has a 50 day moving average price of $56.94 and a 200 day moving average price of $52.61. The company has a market cap of $11.63 billion, a PE ratio of 27.80 and a beta of 1.03. Invesco S&P 500 Top 50 ETF has a 1 year low of $39.50 and a 1 year high of $60.63.

Invesco S&P 500 Top 50 ETF Company 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.