MinichMacGregor Wealth Management LLC Makes New Investment in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

MinichMacGregor Wealth Management LLC purchased a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLGFree Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,633 shares of the company’s stock, valued at approximately $288,000.

A number of other hedge funds have also modified their holdings of XLG. LPL Financial LLC lifted its position in Invesco S&P 500 Top 50 ETF by 1,154.0% in the third quarter. LPL Financial LLC now owns 4,598,014 shares of the company’s stock valued at $156,149,000 after buying an additional 4,231,355 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Invesco S&P 500 Top 50 ETF by 2,249.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,918,023 shares of the company’s stock worth $65,132,000 after purchasing an additional 1,836,373 shares during the period. Wilbanks Smith & Thomas Asset Management LLC increased its holdings in Invesco S&P 500 Top 50 ETF by 897.9% in the 3rd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 1,577,870 shares of the company’s stock valued at $53,584,000 after purchasing an additional 1,419,748 shares during the last quarter. UBS Group AG raised its position in Invesco S&P 500 Top 50 ETF by 899.0% in the third quarter. UBS Group AG now owns 1,522,981 shares of the company’s stock valued at $51,720,000 after purchasing an additional 1,370,533 shares during the period. Finally, One Capital Management LLC lifted its stake in Invesco S&P 500 Top 50 ETF by 936.2% during the third quarter. One Capital Management LLC now owns 1,074,824 shares of the company’s stock worth $36,501,000 after purchasing an additional 971,096 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG traded up $0.28 during midday trading on Tuesday, hitting $42.60. 884,405 shares of the stock were exchanged, compared to its average volume of 1,156,557. Invesco S&P 500 Top 50 ETF has a 52-week low of $31.80 and a 52-week high of $42.64. The stock has a fifty day simple moving average of $41.57 and a 200 day simple moving average of $39.27. The firm has a market cap of $4.15 billion, a P/E ratio of 2.92 and a beta of 1.08.

Invesco S&P 500 Top 50 ETF Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding XLG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Top 50 ETF (NYSEARCA:XLGFree Report).

Institutional Ownership by Quarter for Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Receive News & Ratings for Invesco S&P 500 Top 50 ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Top 50 ETF and related companies with MarketBeat.com's FREE daily email newsletter.