Focus Financial Network Inc. Purchases 44,358 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Focus Financial Network Inc. boosted its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 310.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 58,641 shares of the company’s stock after purchasing an additional 44,358 shares during the period. Focus Financial Network Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $2,699,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. raised its position in Invesco S&P 500 Top 50 ETF by 2.7% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 9,017 shares of the company’s stock valued at $450,000 after purchasing an additional 239 shares during the last quarter. Walker Asset Management LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 0.8% in the first quarter. Walker Asset Management LLC now owns 34,761 shares of the company’s stock valued at $1,600,000 after buying an additional 282 shares in the last quarter. Baker Avenue Asset Management LP increased its stake in shares of Invesco S&P 500 Top 50 ETF by 3.6% in the fourth quarter. Baker Avenue Asset Management LP now owns 8,387 shares of the company’s stock valued at $419,000 after buying an additional 295 shares in the last quarter. Novak & Powell Financial Services Inc. raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 5.6% in the fourth quarter. Novak & Powell Financial Services Inc. now owns 5,672 shares of the company’s stock valued at $283,000 after buying an additional 300 shares during the last quarter. Finally, Valley Brook Capital Group Inc. lifted its position in Invesco S&P 500 Top 50 ETF by 6.4% during the 4th quarter. Valley Brook Capital Group Inc. now owns 5,855 shares of the company’s stock worth $293,000 after buying an additional 350 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Down 0.4%

Shares of NYSEARCA:XLG opened at $50.47 on Thursday. The firm has a market cap of $9.09 billion, a P/E ratio of 26.13 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a 12 month low of $39.50 and a 12 month high of $51.80. The company’s 50-day moving average price is $46.76 and its two-hundred day moving average price is $48.59.

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.