Oppenheimer & Co. Inc. Purchases 16,191 Shares of Invesco S&P 500 Top 50 ETF $XLG

Oppenheimer & Co. Inc. lifted its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 28.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 72,704 shares of the company’s stock after acquiring an additional 16,191 shares during the period. Oppenheimer & Co. Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $4,310,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Belpointe Asset Management LLC grew its stake in Invesco S&P 500 Top 50 ETF by 284.4% in the third quarter. Belpointe Asset Management LLC now owns 20,364 shares of the company’s stock worth $1,171,000 after purchasing an additional 15,067 shares in the last quarter. Aspire Capital Advisors LLC grew its stake in Invesco S&P 500 Top 50 ETF by 55.1% in the third quarter. Aspire Capital Advisors LLC now owns 133,700 shares of the company’s stock worth $7,690,000 after purchasing an additional 47,513 shares in the last quarter. Fortis Capital Advisors LLC bought a new position in Invesco S&P 500 Top 50 ETF in the third quarter worth approximately $869,000. Retirement Planning Group LLC NY bought a new position in Invesco S&P 500 Top 50 ETF in the third quarter worth approximately $533,000. Finally, Cannon Advisors Inc. grew its stake in Invesco S&P 500 Top 50 ETF by 40.4% in the third quarter. Cannon Advisors Inc. now owns 29,829 shares of the company’s stock worth $1,732,000 after purchasing an additional 8,584 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Up 0.7%

Shares of NYSEARCA:XLG opened at $61.30 on Friday. The business’s 50 day moving average is $57.08 and its 200 day moving average is $58.21. The stock has a market cap of $10.80 billion, a P/E ratio of 27.80 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a 52-week low of $45.82 and a 52-week high of $61.70.

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. The Russell 3000 Index is an unmanaged capitalization-weighted index that offers investors access to the United States equity universe representing approximately 98% of the United States equity market.