Invesco S&P 500 Top 50 ETF $XLG Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC raised its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 5.9% in the third quarter, HoldingsChannel.com reports. The fund owned 723,647 shares of the company’s stock after buying an additional 40,333 shares during the quarter. HighTower Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $41,624,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Belpointe Asset Management LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 284.4% during the third quarter. Belpointe Asset Management LLC now owns 20,364 shares of the company’s stock worth $1,171,000 after buying an additional 15,067 shares during the last quarter. Aspire Capital Advisors LLC increased its position in shares of Invesco S&P 500 Top 50 ETF by 55.1% during the third quarter. Aspire Capital Advisors LLC now owns 133,700 shares of the company’s stock worth $7,690,000 after acquiring an additional 47,513 shares in the last quarter. Fortis Capital Advisors LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the 3rd quarter worth about $869,000. Retirement Planning Group LLC NY bought a new position in Invesco S&P 500 Top 50 ETF in the 3rd quarter valued at about $533,000. Finally, AE Wealth Management LLC lifted its position in Invesco S&P 500 Top 50 ETF by 71.4% in the 2nd quarter. AE Wealth Management LLC now owns 126,429 shares of the company’s stock valued at $6,587,000 after acquiring an additional 52,645 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

XLG opened at $57.05 on Wednesday. Invesco S&P 500 Top 50 ETF has a 1 year low of $39.50 and a 1 year high of $60.63. The company has a market capitalization of $11.10 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03. The firm’s fifty day moving average price is $58.85 and its two-hundred day moving average price is $57.82.

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. 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.