Marks Group Wealth Management Inc Acquires Shares of 13,099 Invesco S&P 500 Top 50 ETF $XLG

Marks Group Wealth Management Inc acquired a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 13,099 shares of the company’s stock, valued at approximately $777,000.

A number of other institutional investors have also added to or reduced their stakes in XLG. LPL Financial LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 8.0% in the fourth quarter. LPL Financial LLC now owns 11,554,356 shares of the company’s stock valued at $684,942,000 after purchasing an additional 856,661 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 7.4% in the third quarter. Bank of America Corp DE now owns 4,248,330 shares of the company’s stock valued at $244,364,000 after purchasing an additional 291,048 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 1.4% in the fourth quarter. JPMorgan Chase & Co. now owns 3,841,051 shares of the company’s stock valued at $227,698,000 after purchasing an additional 54,449 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Invesco S&P 500 Top 50 ETF by 1.2% during the third quarter. Raymond James Financial Inc. now owns 2,900,899 shares of the company’s stock worth $166,860,000 after buying an additional 33,367 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Invesco S&P 500 Top 50 ETF by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 2,479,520 shares of the company’s stock worth $146,986,000 after buying an additional 9,069 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Down 0.9%

NYSEARCA XLG opened at $61.71 on Wednesday. The company has a fifty day moving average of $60.72 and a two-hundred day moving average of $59.04. The firm has a market capitalization of $10.87 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.