Private Advisor Group LLC Acquires 83,309 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Private Advisor Group LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 13.5% during the third quarter, Holdings Channel reports. The institutional investor owned 699,786 shares of the company’s stock after purchasing an additional 83,309 shares during the quarter. Private Advisor Group LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $33,261,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. LPL Financial LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 6.6% during the 2nd quarter. LPL Financial LLC now owns 7,237,697 shares of the company’s stock valued at $331,125,000 after acquiring an additional 448,925 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 20.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,305,381 shares of the company’s stock worth $59,721,000 after purchasing an additional 223,301 shares during the last quarter. GPS Wealth Strategies Group LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 7.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 927,894 shares of the company’s stock worth $42,451,000 after purchasing an additional 60,665 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Invesco S&P 500 Top 50 ETF by 20.9% in the second quarter. Envestnet Asset Management Inc. now owns 875,278 shares of the company’s stock worth $40,044,000 after buying an additional 151,025 shares during the period. Finally, Raymond James & Associates boosted its position in Invesco S&P 500 Top 50 ETF by 69.7% during the 3rd quarter. Raymond James & Associates now owns 816,880 shares of the company’s stock valued at $38,826,000 after buying an additional 335,532 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

XLG opened at $48.62 on Wednesday. Invesco S&P 500 Top 50 ETF has a one year low of $32.74 and a one year high of $48.74. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. The business has a 50 day simple moving average of $46.79 and a two-hundred day simple moving average of $44.95.

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.