Independent Advisor Alliance Buys 9,007 Shares of Invesco S&P 500 Top 50 ETF $XLG

Independent Advisor Alliance grew its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 247.4% during the fourth quarter, HoldingsChannel reports. The firm owned 12,647 shares of the company’s stock after buying an additional 9,007 shares during the quarter. Independent Advisor Alliance’s holdings in Invesco S&P 500 Top 50 ETF were worth $750,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Rollins Financial Advisors LLC increased its position in Invesco S&P 500 Top 50 ETF by 29.8% during the 4th quarter. Rollins Financial Advisors LLC now owns 9,247 shares of the company’s stock worth $548,000 after purchasing an additional 2,125 shares in the last quarter. Birchbrook Inc. bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth $27,000. Win Advisors Inc. bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth $3,018,000. Tsfg LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 19.4% during the fourth quarter. Tsfg LLC now owns 246,889 shares of the company’s stock worth $14,636,000 after buying an additional 40,060 shares in the last quarter. Finally, Horizon Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 1.0% during the fourth quarter. Horizon Wealth Management LLC now owns 19,032 shares of the company’s stock worth $1,128,000 after buying an additional 180 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG opened at $63.55 on Friday. Invesco S&P 500 Top 50 ETF has a 52 week low of $47.93 and a 52 week high of $64.33. The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of 27.80 and a beta of 1.05. The stock has a fifty day moving average of $58.08 and a 200-day moving average of $58.53.

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.