Steward Partners Investment Advisory LLC Has $8.30 Million Stock Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Steward Partners Investment Advisory LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 12.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 166,038 shares of the company’s stock after acquiring an additional 17,880 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $8,295,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of XLG. LPL Financial LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 10.2% in the third quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock valued at $379,264,000 after acquiring an additional 741,770 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 8.2% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,174,985 shares of the company’s stock worth $58,702,000 after purchasing an additional 89,392 shares during the period. Principle Wealth Partners LLC boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 11.4% in the 4th quarter. Principle Wealth Partners LLC now owns 1,092,153 shares of the company’s stock valued at $54,564,000 after purchasing an additional 112,147 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Invesco S&P 500 Top 50 ETF by 27.7% during the third quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock worth $43,982,000 after buying an additional 200,879 shares during the period. Finally, Private Advisor Group LLC increased its position in shares of Invesco S&P 500 Top 50 ETF by 17.5% during the fourth quarter. Private Advisor Group LLC now owns 822,080 shares of the company’s stock worth $41,071,000 after buying an additional 122,294 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Up 1.2 %

XLG stock opened at $48.68 on Thursday. The firm has a market cap of $8.75 billion, a price-to-earnings ratio of 29.57 and a beta of 1.01. The company’s fifty day simple moving average is $50.49 and its 200 day simple moving average is $49.02. Invesco S&P 500 Top 50 ETF has a 12-month low of $39.75 and a 12-month high of $51.80.

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.