Invesco S&P 500 Top 50 ETF $XLG Shares Bought by LPL Financial LLC

LPL Financial LLC grew its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 8.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,554,356 shares of the company’s stock after buying an additional 856,661 shares during the quarter. LPL Financial LLC owned about 0.06% of Invesco S&P 500 Top 50 ETF worth $684,942,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Aspire Capital Advisors LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 55.1% in the third quarter. Aspire Capital Advisors LLC now owns 133,700 shares of the company’s stock valued at $7,690,000 after purchasing an additional 47,513 shares in the last quarter. Johnson Financial Group Inc. boosted its holdings in 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 purchasing an additional 304,958 shares in the last quarter. Cypress Wealth Services LLC acquired a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $650,000. Sound Income Strategies LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 4,166.5% in the fourth quarter. Sound Income Strategies LLC now owns 35,753 shares of the company’s stock valued at $2,104,000 after purchasing an additional 34,915 shares in the last quarter. Finally, Elevation Capital Advisory LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 26.1% in the fourth quarter. Elevation Capital Advisory LLC now owns 161,707 shares of the company’s stock valued at $9,586,000 after purchasing an additional 33,420 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG opened at $62.21 on Monday. The stock has a 50 day moving average price of $60.38 and a 200 day moving average price of $58.98. The company has a market capitalization of $10.96 billion, a price-to-earnings ratio of 27.80 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a 52-week low of $49.68 and a 52-week high of $64.77.

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.