Foundations Investment Advisors LLC Raises Stock Holdings in Invesco S&P 500 Top 50 ETF $XLG

Foundations Investment Advisors LLC boosted its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 76.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,888 shares of the company’s stock after purchasing an additional 13,801 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,834,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harbor Asset Planning Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter worth about $31,000. LGT Financial Advisors LLC boosted its stake in Invesco S&P 500 Top 50 ETF by 248.5% during the second quarter. LGT Financial Advisors LLC now owns 791 shares of the company’s stock worth $41,000 after acquiring an additional 564 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in Invesco S&P 500 Top 50 ETF in the second quarter worth about $47,000. New Republic Capital LLC grew its holdings in Invesco S&P 500 Top 50 ETF by 90.5% in the third quarter. New Republic Capital LLC now owns 960 shares of the company’s stock worth $55,000 after purchasing an additional 456 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Invesco S&P 500 Top 50 ETF by 140.8% during the second quarter. Blue Trust Inc. now owns 973 shares of the company’s stock valued at $51,000 after purchasing an additional 569 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

XLG stock opened at $59.01 on Friday. The firm has a 50 day moving average price of $59.20 and a 200-day moving average price of $57.38. Invesco S&P 500 Top 50 ETF has a 52-week low of $39.50 and a 52-week high of $60.63. The firm has a market capitalization of $11.49 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03.

About Invesco S&P 500 Top 50 ETF

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.