Partners Wealth Management LLC Purchases Shares of 21,783 Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Partners Wealth Management LLC bought a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,783 shares of the company’s stock, valued at approximately $1,088,000. Invesco S&P 500 Top 50 ETF comprises 1.2% of Partners Wealth Management LLC’s holdings, making the stock its 22nd biggest holding.

Other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 28.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 774,712 shares of the company’s stock valued at $36,822,000 after acquiring an additional 173,566 shares during the last quarter. GHP Investment Advisors Inc. acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the third quarter valued at approximately $147,000. J.W. Cole Advisors Inc. increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 17.9% in the third quarter. J.W. Cole Advisors Inc. now owns 47,785 shares of the company’s stock valued at $2,271,000 after purchasing an additional 7,255 shares during the last quarter. Concord Wealth Partners acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the third quarter valued at approximately $47,000. Finally, Integrated Advisors Network LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the third quarter valued at approximately $274,000.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA:XLG opened at $50.58 on Monday. Invesco S&P 500 Top 50 ETF has a one year low of $39.75 and a one year high of $51.80. The stock has a market cap of $4.93 billion, a PE ratio of 2.92 and a beta of 1.08. The stock has a 50 day moving average price of $50.77 and a 200 day moving average price of $48.76.

Invesco S&P 500 Top 50 ETF Company 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.