Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Shares Purchased by KPP Advisory Services LLC

KPP Advisory Services LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 84.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 160,779 shares of the company’s stock after purchasing an additional 73,760 shares during the quarter. Invesco S&P 500 Top 50 ETF makes up about 1.8% of KPP Advisory Services LLC’s investment portfolio, making the stock its 10th largest position. KPP Advisory Services LLC owned 0.16% of Invesco S&P 500 Top 50 ETF worth $7,642,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Pineridge Advisors LLC acquired a new stake in Invesco S&P 500 Top 50 ETF during the second quarter worth $42,000. Concord Wealth Partners bought a new position in Invesco S&P 500 Top 50 ETF during the third quarter worth about $47,000. International Assets Investment Management LLC bought a new position in Invesco S&P 500 Top 50 ETF during the second quarter worth about $73,000. First Personal Financial Services acquired a new stake in Invesco S&P 500 Top 50 ETF during the second quarter valued at approximately $97,000. Finally, Centennial Bank AR acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter worth approximately $101,000.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of Invesco S&P 500 Top 50 ETF stock traded down $0.90 during midday trading on Friday, hitting $48.56. 1,794,624 shares of the company were exchanged, compared to its average volume of 1,397,931. The firm has a 50 day simple moving average of $47.73 and a 200-day simple moving average of $45.85. Invesco S&P 500 Top 50 ETF has a 52 week low of $36.06 and a 52 week high of $49.92. The firm has a market cap of $4.73 billion, a P/E ratio of 2.92 and a beta of 1.08.

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.