Wealthcare Advisory Partners LLC Makes New Investment in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Wealthcare Advisory Partners LLC acquired a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the first quarter, according to its most recent filing with the SEC. The firm acquired 7,495 shares of the company’s stock, valued at approximately $316,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in Invesco S&P 500 Top 50 ETF by 2,249.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,918,023 shares of the company’s stock worth $65,132,000 after purchasing an additional 1,836,373 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Invesco S&P 500 Top 50 ETF by 24.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,885,749 shares of the company’s stock worth $71,130,000 after buying an additional 365,767 shares during the period. UBS Group AG raised its stake in shares of Invesco S&P 500 Top 50 ETF by 16.0% during the fourth quarter. UBS Group AG now owns 1,766,931 shares of the company’s stock worth $66,649,000 after buying an additional 243,950 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Invesco S&P 500 Top 50 ETF by 5,426.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 934,951 shares of the company’s stock valued at $35,266,000 after buying an additional 918,032 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Invesco S&P 500 Top 50 ETF by 76.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 859,735 shares of the company’s stock valued at $32,429,000 after acquiring an additional 371,543 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of Invesco S&P 500 Top 50 ETF stock opened at $45.75 on Monday. The firm has a fifty day moving average of $43.45 and a two-hundred day moving average of $41.25. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 52 week low of $32.74 and a 52 week high of $46.47.

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.