LexAurum Advisors LLC Invests $585,000 in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

LexAurum Advisors LLC purchased a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,708 shares of the company’s stock, valued at approximately $585,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Demars Financial Group LLC lifted its holdings in Invesco S&P 500 Top 50 ETF by 5,930.2% during the 4th quarter. Demars Financial Group LLC now owns 28,403,144 shares of the company’s stock worth $1,419,021,000 after buying an additional 27,932,132 shares during the last quarter. LPL Financial LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 22.5% during the 4th quarter. LPL Financial LLC now owns 9,775,057 shares of the company’s stock valued at $488,362,000 after acquiring an additional 1,795,590 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Invesco S&P 500 Top 50 ETF by 11.0% during the fourth quarter. Wells Fargo & Company MN now owns 3,425,397 shares of the company’s stock worth $171,133,000 after purchasing an additional 339,940 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Invesco S&P 500 Top 50 ETF by 1.1% during the fourth quarter. Ameriprise Financial Inc. now owns 2,701,621 shares of the company’s stock worth $134,972,000 after purchasing an additional 29,332 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter worth $112,591,000.

Invesco S&P 500 Top 50 ETF Stock Up 1.1%

Shares of NYSEARCA:XLG opened at $50.14 on Monday. The company has a market cap of $9.03 billion, a PE ratio of 26.13 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $39.50 and a fifty-two week high of $51.80. The firm has a 50-day simple moving average of $46.38 and a 200 day simple moving average of $48.56.

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.