Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Stock Position Lifted by Principle Wealth Partners LLC

Principle Wealth Partners LLC boosted its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 11.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,092,153 shares of the company’s stock after buying an additional 112,147 shares during the quarter. Invesco S&P 500 Top 50 ETF makes up about 3.8% of Principle Wealth Partners LLC’s holdings, making the stock its 3rd biggest position. Principle Wealth Partners LLC owned approximately 1.12% of Invesco S&P 500 Top 50 ETF worth $54,564,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. LPL Financial LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 10.2% during the 3rd quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock worth $379,264,000 after purchasing an additional 741,770 shares during the last quarter. GPS Wealth Strategies Group LLC increased its position in Invesco S&P 500 Top 50 ETF by 8.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,174,985 shares of the company’s stock worth $58,702,000 after buying an additional 89,392 shares during the last quarter. HighTower Advisors LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 27.7% during the third quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock valued at $43,982,000 after buying an additional 200,879 shares in the last quarter. Raymond James & Associates lifted its position in shares of Invesco S&P 500 Top 50 ETF by 69.7% in the third quarter. Raymond James & Associates now owns 816,880 shares of the company’s stock worth $38,826,000 after buying an additional 335,532 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 22.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 810,478 shares of the company’s stock worth $38,522,000 after acquiring an additional 146,219 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG stock opened at $51.00 on Tuesday. The stock’s 50 day simple moving average is $50.67 and its 200 day simple moving average is $48.30. Invesco S&P 500 Top 50 ETF has a twelve month low of $39.75 and a twelve month high of $51.80. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08.

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.