Lee Johnson Capital Management LLC Acquires New Holdings in Invesco S&P 500 Top 50 ETF $XLG

Lee Johnson Capital Management LLC bought a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the 3rd quarter, HoldingsChannel reports. The fund bought 9,549 shares of the company’s stock, valued at approximately $549,000.

A number of other hedge funds also recently made changes to their positions in XLG. Soundwatch Capital LLC bought a new position in Invesco S&P 500 Top 50 ETF in the 2nd quarter worth approximately $1,790,000. Principle Wealth Partners LLC boosted its position in Invesco S&P 500 Top 50 ETF by 85.0% during the 2nd quarter. Principle Wealth Partners LLC now owns 2,682,223 shares of the company’s stock worth $139,744,000 after acquiring an additional 1,232,337 shares during the period. CW Advisors LLC boosted its position in Invesco S&P 500 Top 50 ETF by 1,645.5% during the 2nd quarter. CW Advisors LLC now owns 719,865 shares of the company’s stock worth $37,505,000 after acquiring an additional 678,624 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Invesco S&P 500 Top 50 ETF by 32.0% in the second quarter. JPMorgan Chase & Co. now owns 2,464,746 shares of the company’s stock worth $128,413,000 after purchasing an additional 597,737 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 25.8% during the second quarter. Raymond James Financial Inc. now owns 2,867,532 shares of the company’s stock valued at $149,398,000 after purchasing an additional 588,257 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Down 0.1%

Shares of NYSEARCA XLG opened at $59.64 on Wednesday. The stock has a market cap of $11.47 billion, a P/E ratio of 27.80 and a beta of 1.03. The firm’s 50-day simple moving average is $59.14 and its 200 day simple moving average is $56.26. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $39.50 and a fifty-two week high of $60.63.

About Invesco S&P 500 Top 50 ETF

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. The Russell 3000 Index is an unmanaged capitalization-weighted index that offers investors access to the United States equity universe representing approximately 98% of the United States equity market.