Lighthouse Financial Services Inc. ADV Makes New Investment in Invesco S&P 500 Top 50 ETF $XLG

Lighthouse Financial Services Inc. ADV bought a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 169,519 shares of the company’s stock, valued at approximately $10,049,000. Invesco S&P 500 Top 50 ETF comprises about 2.3% of Lighthouse Financial Services Inc. ADV’s portfolio, making the stock its 11th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in Invesco S&P 500 Top 50 ETF by 7.4% during the third quarter. Bank of America Corp DE now owns 4,248,330 shares of the company’s stock worth $244,364,000 after acquiring an additional 291,048 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Invesco S&P 500 Top 50 ETF by 53.6% during the third quarter. JPMorgan Chase & Co. now owns 3,786,602 shares of the company’s stock worth $217,805,000 after acquiring an additional 1,321,856 shares during the last quarter. Raymond James Financial Inc. increased its stake in Invesco S&P 500 Top 50 ETF by 1.2% during the third quarter. Raymond James Financial Inc. now owns 2,900,899 shares of the company’s stock worth $166,860,000 after acquiring an additional 33,367 shares during the last quarter. Principle Wealth Partners LLC increased its stake in Invesco S&P 500 Top 50 ETF by 2.2% during the third quarter. Principle Wealth Partners LLC now owns 2,741,301 shares of the company’s stock worth $157,680,000 after acquiring an additional 59,078 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Invesco S&P 500 Top 50 ETF by 0.3% during the third quarter. Bank of New York Mellon Corp now owns 2,470,451 shares of the company’s stock worth $142,100,000 after acquiring an additional 6,376 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Up 0.8%

NYSEARCA:XLG opened at $62.90 on Friday. The stock’s fifty day moving average is $57.36 and its two-hundred day moving average is $58.31. Invesco S&P 500 Top 50 ETF has a 52 week low of $46.46 and a 52 week high of $62.97. The stock has a market capitalization of $11.08 billion, a price-to-earnings ratio of 27.80 and a beta of 1.05.

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.