Ausdal Financial Partners Inc. Boosts Stock Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Ausdal Financial Partners Inc. raised its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 17.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,227 shares of the company’s stock after purchasing an additional 1,340 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $461,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $26,000. Abound Wealth Management acquired a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at $30,000. Hager Investment Management Services LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth $30,000. Millstone Evans Group LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth $32,000. Finally, Decker Retirement Planning Inc. purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $34,000.

Invesco S&P 500 Top 50 ETF Stock Down 0.3 %

Shares of NYSEARCA XLG opened at $46.93 on Friday. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 26.40 and a beta of 1.01. Invesco S&P 500 Top 50 ETF has a 52 week low of $39.75 and a 52 week high of $51.80. The firm has a 50-day moving average price of $49.42 and a 200 day moving average price of $49.09.

Invesco S&P 500 Top 50 ETF Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be given a dividend of $0.0915 per share. The ex-dividend date of this dividend is Monday, March 24th.

Invesco S&P 500 Top 50 ETF Company Profile

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.