Institute for Wealth Management LLC. Purchases 6,531 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Institute for Wealth Management LLC. boosted its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,536 shares of the company’s stock after acquiring an additional 6,531 shares during the quarter. Institute for Wealth Management LLC. owned approximately 0.08% of Invesco S&P 500 Top 50 ETF worth $3,924,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. LPL Financial LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 10.2% in the 3rd quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock valued at $379,264,000 after acquiring an additional 741,770 shares in the last quarter. Raymond James & Associates raised its position in shares of Invesco S&P 500 Top 50 ETF by 69.7% in the third quarter. Raymond James & Associates now owns 816,880 shares of the company’s stock valued at $38,826,000 after purchasing an additional 335,532 shares during the period. HighTower Advisors LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 27.7% in the third quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock worth $43,982,000 after buying an additional 200,879 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Invesco S&P 500 Top 50 ETF by 28.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 774,712 shares of the company’s stock valued at $36,822,000 after buying an additional 173,566 shares during the last quarter. Finally, Seros Financial LLC acquired a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at $7,596,000.

Invesco S&P 500 Top 50 ETF Price Performance

Invesco S&P 500 Top 50 ETF stock opened at $50.97 on Friday. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. The firm has a fifty day moving average price of $50.47 and a two-hundred day moving average price of $48.07. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $38.82 and a fifty-two 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.