Gateway Wealth Partners LLC Acquires New Position in Invesco S&P 500 Top 50 ETF $XLG

Gateway Wealth Partners LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 59,280 shares of the company’s stock, valued at approximately $3,234,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 8.0% during the 4th quarter. LPL Financial LLC now owns 11,554,356 shares of the company’s stock valued at $684,942,000 after buying an additional 856,661 shares in the last quarter. Morgan Stanley boosted its holdings in Invesco S&P 500 Top 50 ETF by 2.1% in the 4th quarter. Morgan Stanley now owns 6,977,609 shares of the company’s stock worth $413,633,000 after buying an additional 144,276 shares during the period. Bank of America Corp DE grew its stake in Invesco S&P 500 Top 50 ETF by 7.4% in the 3rd quarter. Bank of America Corp DE now owns 4,248,330 shares of the company’s stock valued at $244,364,000 after buying an additional 291,048 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Invesco S&P 500 Top 50 ETF by 1.4% in the 4th quarter. JPMorgan Chase & Co. now owns 3,841,051 shares of the company’s stock valued at $227,698,000 after buying an additional 54,449 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Invesco S&P 500 Top 50 ETF by 1.4% during the 4th quarter. Wells Fargo & Company MN now owns 3,812,317 shares of the company’s stock valued at $225,994,000 after acquiring an additional 52,644 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA:XLG opened at $59.78 on Tuesday. The company has a market cap of $10.44 billion, a P/E ratio of 27.80 and a beta of 1.06. The stock’s fifty day moving average price is $61.80 and its two-hundred day moving average price is $59.47. Invesco S&P 500 Top 50 ETF has a 1 year low of $52.60 and a 1 year 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.