Insight Advisors LLC PA Grows Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Insight Advisors LLC PA increased its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 9.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,989 shares of the company’s stock after purchasing an additional 717 shares during the period. Insight Advisors LLC PA’s holdings in Invesco S&P 500 Top 50 ETF were worth $402,000 at the end of the most recent reporting period.

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

Invesco S&P 500 Top 50 ETF Price Performance

Shares of NYSEARCA XLG opened at $51.22 on Friday. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. The stock’s 50-day moving average is $50.61 and its two-hundred day moving average is $48.22. Invesco S&P 500 Top 50 ETF has a 1-year low of $39.75 and a 1-year high of $51.80.

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.