Wells Fargo & Company MN Purchases 339,940 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Wells Fargo & Company MN lifted its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 11.0% during the fourth quarter, HoldingsChannel reports. The firm owned 3,425,397 shares of the company’s stock after buying an additional 339,940 shares during the quarter. Wells Fargo & Company MN’s holdings in Invesco S&P 500 Top 50 ETF were worth $171,133,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Invesco S&P 500 Top 50 ETF by 3.5% during the third quarter. JPMorgan Chase & Co. now owns 723,678 shares of the company’s stock worth $34,396,000 after acquiring an additional 24,527 shares in the last quarter. Truist Financial Corp grew its position in shares of Invesco S&P 500 Top 50 ETF by 1.5% in the 4th quarter. Truist Financial Corp now owns 29,649 shares of the company’s stock valued at $1,481,000 after purchasing an additional 426 shares during the period. Advisors Preferred LLC bought a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $1,101,000. US Bancorp DE raised its holdings in Invesco S&P 500 Top 50 ETF by 2.5% during the 4th quarter. US Bancorp DE now owns 24,549 shares of the company’s stock worth $1,226,000 after buying an additional 610 shares during the period. Finally, Investors Research Corp lifted its stake in Invesco S&P 500 Top 50 ETF by 50.7% in the fourth quarter. Investors Research Corp now owns 2,877 shares of the company’s stock valued at $144,000 after buying an additional 968 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Down 5.8 %

Shares of XLG stock opened at $41.57 on Friday. Invesco S&P 500 Top 50 ETF has a 12-month low of $39.75 and a 12-month high of $51.80. The firm has a fifty day moving average of $48.70 and a 200-day moving average of $49.08. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 26.47 and a beta of 1.01.

Invesco S&P 500 Top 50 ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.0915 per share. The ex-dividend date was Monday, March 24th.

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.