AE Wealth Management LLC Raises Stake in Invesco S&P 500 Top 50 ETF $XLG

AE Wealth Management LLC increased its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 58.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,688 shares of the company’s stock after purchasing an additional 74,259 shares during the quarter. AE Wealth Management LLC owned 0.10% of Invesco S&P 500 Top 50 ETF worth $11,544,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in XLG. Soundwatch Capital LLC acquired a new position in Invesco S&P 500 Top 50 ETF during the second quarter worth about $1,790,000. Raymond James Financial Inc. grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 25.8% in the 2nd quarter. Raymond James Financial Inc. now owns 2,867,532 shares of the company’s stock worth $149,398,000 after acquiring an additional 588,257 shares during the period. Principle Wealth Partners LLC increased its stake in Invesco S&P 500 Top 50 ETF by 2.2% in the 3rd quarter. Principle Wealth Partners LLC now owns 2,741,301 shares of the company’s stock valued at $157,680,000 after purchasing an additional 59,078 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Invesco S&P 500 Top 50 ETF by 0.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,470,451 shares of the company’s stock valued at $142,100,000 after purchasing an additional 6,376 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Invesco S&P 500 Top 50 ETF by 32.0% during the second quarter. JPMorgan Chase & Co. now owns 2,464,746 shares of the company’s stock worth $128,413,000 after purchasing an additional 597,737 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

XLG opened at $59.01 on Friday. Invesco S&P 500 Top 50 ETF has a one year low of $39.50 and a one year high of $60.63. The business’s fifty day moving average is $59.20 and its two-hundred day moving average is $57.38. The company has a market cap of $11.49 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03.

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.