Sowell Financial Services LLC Makes New Investment in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Sowell Financial Services LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 45,546 shares of the company’s stock, valued at approximately $2,275,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its position in Invesco S&P 500 Top 50 ETF by 10.2% during the 3rd quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock worth $379,264,000 after acquiring an additional 741,770 shares during the period. Raymond James Financial Inc. acquired a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter worth about $112,591,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 8.2% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,174,985 shares of the company’s stock valued at $58,702,000 after buying an additional 89,392 shares during the period. Principle Wealth Partners LLC lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 11.4% in the 4th quarter. Principle Wealth Partners LLC now owns 1,092,153 shares of the company’s stock valued at $54,564,000 after buying an additional 112,147 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 27.7% in the 3rd quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock valued at $43,982,000 after buying an additional 200,879 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Up 0.4 %

Shares of XLG stock opened at $47.93 on Monday. The stock has a market cap of $8.62 billion, a PE ratio of 29.57 and a beta of 1.01. The business has a 50-day simple moving average of $50.35 and a 200-day simple moving average of $49.06. Invesco S&P 500 Top 50 ETF has a 52-week low of $39.75 and a 52-week high of $51.80.

Invesco S&P 500 Top 50 ETF 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.