Oppenheimer & Co. Inc. Acquires 35,751 Shares of Invesco S&P 500 Top 50 ETF $XLG

Oppenheimer & Co. Inc. bought a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 3rd quarter, HoldingsChannel reports. The firm bought 35,751 shares of the company’s stock, valued at approximately $2,274,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Johnson Financial Group Inc. increased its stake in shares of Invesco S&P 500 Top 50 ETF by 2.7% during the first quarter. Johnson Financial Group Inc. now owns 2,071,676 shares of the company’s stock worth $113,010,000 after purchasing an additional 53,884 shares in the last quarter. Lido Advisors LLC lifted its stake in Invesco S&P 500 Top 50 ETF by 6.2% in the 1st quarter. Lido Advisors LLC now owns 1,327,458 shares of the company’s stock valued at $72,413,000 after buying an additional 77,171 shares in the last quarter. Bogart Wealth LLC lifted its stake in Invesco S&P 500 Top 50 ETF by 2.3% in the 1st quarter. Bogart Wealth LLC now owns 1,099,124 shares of the company’s stock valued at $59,957,000 after buying an additional 24,787 shares in the last quarter. Demars Financial Group LLC lifted its stake in Invesco S&P 500 Top 50 ETF by 3.6% in the 3rd quarter. Demars Financial Group LLC now owns 804,452 shares of the company’s stock valued at $51,171,000 after buying an additional 28,031 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 3.2% in the 1st quarter. Kestra Advisory Services LLC now owns 485,942 shares of the company’s stock worth $26,508,000 after buying an additional 14,987 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Trading Down 2.3%

XLG stock opened at $61.47 on Friday. Invesco S&P 500 Top 50 ETF has a 12-month low of $52.60 and a 12-month high of $65.26. The business’s 50-day moving average is $63.29 and its 200 day moving average is $60.66. The stock has a market cap of $11.53 billion, a price-to-earnings ratio of 27.80 and a beta of 1.06.

Invesco S&P 500 Top 50 ETF Company Profile

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) is an exchange-traded fund managed by Invesco Ltd. The fund seeks to provide investment results that generally correspond to the performance of the S&P 500 Top 50 Index, which is designed to track the 50 largest companies in the S&P 500 Index.

XLG provides focused exposure to large-cap U.S. equities across a range of industries, including information technology, consumer, health care, financial services and communications. Its holdings are generally weighted according to the methodology of the underlying index, giving investors access to many of the largest publicly traded companies in the United States through a single fund.

The fund began operations in 2005 and is listed on NYSE Arca.