Elevation Point Wealth Partners LLC Takes $3.82 Million Position in Invesco S&P 500 Top 50 ETF $XLG

Elevation Point Wealth Partners LLC bought a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 66,322 shares of the company’s stock, valued at approximately $3,815,000.

Other hedge funds also recently modified their holdings of the company. Ausdal Financial Partners Inc. increased its position in Invesco S&P 500 Top 50 ETF by 60.7% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 19,981 shares of the company’s stock valued at $1,149,000 after purchasing an additional 7,548 shares during the period. Bank of America Corp DE increased its position in Invesco S&P 500 Top 50 ETF by 7.4% in the 3rd quarter. Bank of America Corp DE now owns 4,248,330 shares of the company’s stock valued at $244,364,000 after buying an additional 291,048 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Invesco S&P 500 Top 50 ETF by 46.6% during the third quarter. Ameriprise Financial Inc. now owns 2,296,020 shares of the company’s stock worth $132,108,000 after purchasing an additional 729,356 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 24.5% in the 3rd quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 188,268 shares of the company’s stock worth $10,829,000 after acquiring an additional 37,030 shares during the last quarter. Finally, Ancora Advisors LLC boosted its position in shares of Invesco S&P 500 Top 50 ETF by 93.4% during the third quarter. Ancora Advisors LLC now owns 1,151 shares of the company’s stock valued at $66,000 after buying an additional 556 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

XLG opened at $55.76 on Friday. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $39.50 and a fifty-two week high of $60.63. The company’s 50-day moving average is $58.06 and its 200 day moving average is $58.12. The firm has a market capitalization of $10.85 billion, a P/E ratio of 27.80 and a beta of 1.03.

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.