NewEdge Advisors LLC Buys 95,045 Shares of Invesco S&P 500 Top 50 ETF $XLG

NewEdge Advisors LLC boosted its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 50.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 284,193 shares of the company’s stock after buying an additional 95,045 shares during the quarter. NewEdge Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $17,621,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Modern Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the first quarter worth approximately $1,475,000. Calton & Associates Inc. increased its position in Invesco S&P 500 Top 50 ETF by 171.8% during the 4th quarter. Calton & Associates Inc. now owns 29,845 shares of the company’s stock valued at $1,769,000 after purchasing an additional 18,865 shares during the period. Gateway Wealth Partners LLC bought a new position in Invesco S&P 500 Top 50 ETF during the 1st quarter worth approximately $3,234,000. Allworth Financial LP raised its holdings in Invesco S&P 500 Top 50 ETF by 501.6% during the 4th quarter. Allworth Financial LP now owns 24,589 shares of the company’s stock worth $1,458,000 after purchasing an additional 20,502 shares during the last quarter. Finally, Quantify Chaos Advisors LLC bought a new position in Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $1,903,000.

Invesco S&P 500 Top 50 ETF Stock Down 0.5%

Shares of NYSEARCA XLG opened at $62.39 on Friday. Invesco S&P 500 Top 50 ETF has a twelve month low of $52.60 and a twelve month high of $64.77. The firm has a fifty day simple moving average of $61.89 and a 200 day simple moving average of $60.37. The company has a market capitalization of $10.88 billion, a PE ratio of 27.80 and a beta of 1.06.

Invesco S&P 500 Top 50 ETF Company 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.