Invesco S&P 500 Top 50 ETF $XLG Holdings Boosted by Principle Wealth Partners LLC

Principle Wealth Partners LLC raised its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 0.6% in the third quarter, Holdings Channel.com reports. The firm owned 2,609,727 shares of the company’s stock after acquiring an additional 16,768 shares during the period. Invesco S&P 500 Top 50 ETF makes up approximately 7.9% of Principle Wealth Partners LLC’s holdings, making the stock its largest holding. Principle Wealth Partners LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $166,005,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Key Client Fiduciary Advisors LLC grew its position in Invesco S&P 500 Top 50 ETF by 1.5% in the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 13,549 shares of the company’s stock worth $830,000 after purchasing an additional 205 shares during the last quarter. Team Financial Group LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 22.8% during the first quarter. Team Financial Group LLC now owns 1,389 shares of the company’s stock valued at $76,000 after buying an additional 258 shares during the last quarter. Investors Research Corp raised its position in shares of Invesco S&P 500 Top 50 ETF by 3.2% during the second quarter. Investors Research Corp now owns 11,037 shares of the company’s stock valued at $676,000 after buying an additional 339 shares during the last quarter. Partners Wealth Management LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 3.3% during the third quarter. Partners Wealth Management LLC now owns 10,977 shares of the company’s stock valued at $698,000 after buying an additional 349 shares during the last quarter. Finally, Retireful LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 2.6% in the second quarter. Retireful LLC now owns 13,778 shares of the company’s stock valued at $845,000 after buying an additional 351 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA XLG opened at $59.23 on Friday. Invesco S&P 500 Top 50 ETF has a twelve month low of $52.60 and a twelve month high of $65.26. The stock has a market cap of $11.09 billion, a PE ratio of 27.80 and a beta of 1.06. The firm has a 50-day simple moving average of $63.20 and a 200 day simple moving average of $60.70.

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.