Focus Partners Wealth Raises Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Focus Partners Wealth raised its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 157.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 179,714 shares of the company’s stock after buying an additional 109,787 shares during the quarter. Focus Partners Wealth’s holdings in Invesco S&P 500 Top 50 ETF were worth $8,979,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC lifted its stake in Invesco S&P 500 Top 50 ETF by 95.2% during the 4th quarter. EP Wealth Advisors LLC now owns 30,374 shares of the company’s stock worth $1,517,000 after acquiring an additional 14,813 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 20.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 569,174 shares of the company’s stock valued at $28,436,000 after acquiring an additional 96,227 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 25.8% in the 4th quarter. Cetera Investment Advisers now owns 362,609 shares of the company’s stock valued at $18,116,000 after acquiring an additional 74,481 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 14.3% in the 4th quarter. Captrust Financial Advisors now owns 30,348 shares of the company’s stock valued at $1,516,000 after acquiring an additional 3,798 shares during the last quarter. Finally, Baird Financial Group Inc. grew its stake in Invesco S&P 500 Top 50 ETF by 1.9% during the 4th quarter. Baird Financial Group Inc. now owns 563,479 shares of the company’s stock worth $28,151,000 after buying an additional 10,377 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Up 0.9%

NYSEARCA:XLG opened at $48.83 on Wednesday. The stock’s 50 day moving average price is $45.47 and its 200 day moving average price is $48.51. The company has a market capitalization of $8.69 billion, a PE ratio of 26.13 and a beta of 1.04. Invesco S&P 500 Top 50 ETF has a 52-week low of $39.50 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.