Principle Wealth Partners LLC Increases Stock Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Principle Wealth Partners LLC boosted its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 123.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 441,567 shares of the company’s stock after acquiring an additional 243,554 shares during the period. Invesco S&P 500 Top 50 ETF comprises approximately 1.4% of Principle Wealth Partners LLC’s portfolio, making the stock its 15th largest position. Principle Wealth Partners LLC owned approximately 0.64% of Invesco S&P 500 Top 50 ETF worth $16,656,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XLG. Financial Gravity Asset Management Inc. raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 172.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 955 shares of the company’s stock valued at $32,000 after buying an additional 605 shares during the last quarter. Capital Investment Advisory Services LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 904.1% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 984 shares of the company’s stock worth $33,000 after purchasing an additional 886 shares in the last quarter. Archer Investment Corp increased its stake in shares of Invesco S&P 500 Top 50 ETF by 900.0% during the 3rd quarter. Archer Investment Corp now owns 1,030 shares of the company’s stock worth $35,000 after purchasing an additional 927 shares in the last quarter. Headinvest LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 3rd quarter worth approximately $36,000. Finally, SYM FINANCIAL Corp purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 3rd quarter worth approximately $37,000.

Invesco S&P 500 Top 50 ETF Price Performance

XLG stock traded up $0.65 during midday trading on Friday, hitting $41.18. The stock had a trading volume of 939,611 shares, compared to its average volume of 1,161,825. The firm has a market cap of $4.05 billion, a PE ratio of 2.95 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 12-month low of $31.07 and a 12-month high of $42.53. The company’s 50-day moving average price is $41.40 and its 200 day moving average price is $38.60.

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.