McNaughton Wealth Management LLC Buys 71,032 Shares of Invesco S&P 500 Top 50 ETF $XLG

McNaughton Wealth Management LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 80.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 159,205 shares of the company’s stock after acquiring an additional 71,032 shares during the period. Invesco S&P 500 Top 50 ETF accounts for 3.9% of McNaughton Wealth Management LLC’s holdings, making the stock its 6th largest position. McNaughton Wealth Management LLC owned about 0.08% of Invesco S&P 500 Top 50 ETF worth $9,157,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vertex Planning Partners LLC acquired a new stake in Invesco S&P 500 Top 50 ETF during the 1st quarter worth approximately $2,502,000. Tradition Wealth Management LLC bought a new position in Invesco S&P 500 Top 50 ETF during the 1st quarter worth $1,740,000. Summit Financial LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF during the first quarter worth $10,811,000. CW Advisors LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the first quarter valued at about $1,901,000. Finally, Kestra Advisory Services LLC boosted its position in shares of Invesco S&P 500 Top 50 ETF by 29.0% in the first quarter. Kestra Advisory Services LLC now owns 216,575 shares of the company’s stock valued at $9,967,000 after acquiring an additional 48,676 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA:XLG opened at $57.93 on Thursday. Invesco S&P 500 Top 50 ETF has a 52 week low of $39.50 and a 52 week high of $60.63. The firm’s 50-day simple moving average is $58.78 and its 200 day simple moving average is $55.62. The firm has a market cap of $11.14 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03.

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.