Principle Wealth Partners LLC Has $146.25 Million Stock Position in Invesco S&P 500 Top 50 ETF $XLG

Principle Wealth Partners LLC lessened its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 10.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,467,017 shares of the company’s stock after selling 274,284 shares during the period. Invesco S&P 500 Top 50 ETF comprises about 8.2% of Principle Wealth Partners LLC’s investment portfolio, making the stock its biggest position. Principle Wealth Partners LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $146,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XLG. JPMorgan Chase & Co. boosted its position 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 purchasing an additional 1,321,856 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Invesco S&P 500 Top 50 ETF by 46.6% in the third quarter. Ameriprise Financial Inc. now owns 2,296,020 shares of the company’s stock valued at $132,108,000 after acquiring an additional 729,356 shares during the period. Raymond James Financial Inc. boosted its position in shares of Invesco S&P 500 Top 50 ETF by 25.8% in 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 during the period. Advocacy Wealth Management LLC boosted its position in shares of Invesco S&P 500 Top 50 ETF by 56.6% in the third quarter. Advocacy Wealth Management LLC now owns 1,094,754 shares of the company’s stock valued at $62,970,000 after acquiring an additional 395,581 shares during the period. Finally, Johnson Financial Group Inc. boosted its position in shares of Invesco S&P 500 Top 50 ETF by 17.5% in the third quarter. Johnson Financial Group Inc. now owns 2,045,865 shares of the company’s stock valued at $117,678,000 after acquiring an additional 304,958 shares during the period.

Invesco S&P 500 Top 50 ETF Trading Up 0.1%

XLG stock opened at $63.56 on Friday. The firm has a 50 day moving average of $58.71 and a 200-day moving average of $58.65. Invesco S&P 500 Top 50 ETF has a 12 month low of $47.93 and a 12 month high of $64.33. The firm has a market capitalization of $11.19 billion, a P/E 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.