Envestnet Asset Management Inc. Purchases 9,757 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Envestnet Asset Management Inc. boosted its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,150,999 shares of the company’s stock after acquiring an additional 9,757 shares during the period. Envestnet Asset Management Inc. owned approximately 1.18% of Invesco S&P 500 Top 50 ETF worth $57,504,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $112,591,000. LPL Financial LLC boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 22.5% in the fourth quarter. LPL Financial LLC now owns 9,775,057 shares of the company’s stock valued at $488,362,000 after buying an additional 1,795,590 shares during the period. Independent Advisor Alliance acquired a new position in Invesco S&P 500 Top 50 ETF during the fourth quarter valued at approximately $38,858,000. Wells Fargo & Company MN raised its position in Invesco S&P 500 Top 50 ETF by 11.0% during the fourth quarter. Wells Fargo & Company MN now owns 3,425,397 shares of the company’s stock valued at $171,133,000 after purchasing an additional 339,940 shares in the last quarter. Finally, Bank Hapoalim BM acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth $13,289,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of NYSEARCA:XLG opened at $45.17 on Thursday. The company has a market capitalization of $7.85 billion, a PE ratio of 26.47 and a beta of 1.01. Invesco S&P 500 Top 50 ETF has a 52-week low of $39.50 and a 52-week high of $51.80. The company has a fifty day moving average of $47.89 and a 200-day moving average of $48.92.

Invesco S&P 500 Top 50 ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a dividend of $0.0915 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.