WealthPLAN Partners LLC Raises Stock Position in Invesco S&P 500 Top 50 ETF $XLG

WealthPLAN Partners LLC boosted its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 114.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,929 shares of the company’s stock after purchasing an additional 26,665 shares during the period. WealthPLAN Partners LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $2,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Soundwatch Capital LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at about $1,790,000. Raymond James Financial Inc. raised its position in Invesco S&P 500 Top 50 ETF by 25.8% during the second quarter. Raymond James Financial Inc. now owns 2,867,532 shares of the company’s stock valued at $149,398,000 after acquiring an additional 588,257 shares in the last quarter. Principle Wealth Partners LLC lifted its holdings in Invesco S&P 500 Top 50 ETF by 85.0% in the second quarter. Principle Wealth Partners LLC now owns 2,682,223 shares of the company’s stock valued at $139,744,000 after acquiring an additional 1,232,337 shares during the period. JPMorgan Chase & Co. boosted its position in Invesco S&P 500 Top 50 ETF by 32.0% in the 2nd 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 in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Invesco S&P 500 Top 50 ETF by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,464,075 shares of the company’s stock worth $128,378,000 after purchasing an additional 61,706 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA:XLG opened at $59.51 on Wednesday. The company has a 50 day moving average price of $59.14 and a 200-day moving average price of $56.87. Invesco S&P 500 Top 50 ETF has a 1-year low of $39.50 and a 1-year high of $60.63. The firm has a market cap of $11.65 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.