Envestnet Asset Management Inc. Purchases 151,025 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Envestnet Asset Management Inc. raised its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 20.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 875,278 shares of the company’s stock after purchasing an additional 151,025 shares during the period. Envestnet Asset Management Inc. owned 0.90% of Invesco S&P 500 Top 50 ETF worth $40,044,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. UBS Group AG grew 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 purchasing an additional 243,950 shares during the period. Wells Fargo & Company MN increased its stake in shares of Invesco S&P 500 Top 50 ETF by 24.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,885,749 shares of the company’s stock valued at $71,130,000 after acquiring an additional 365,767 shares during the last quarter. Assetmark Inc. raised its position in shares of Invesco S&P 500 Top 50 ETF by 77.6% in the 4th quarter. Assetmark Inc. now owns 2,581 shares of the company’s stock valued at $97,000 after acquiring an additional 1,128 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Invesco S&P 500 Top 50 ETF by 21.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 223,298 shares of the company’s stock worth $8,423,000 after acquiring an additional 39,663 shares during the last quarter. Finally, US Bancorp DE grew its holdings in Invesco S&P 500 Top 50 ETF by 4.4% during the fourth quarter. US Bancorp DE now owns 17,469 shares of the company’s stock valued at $659,000 after purchasing an additional 734 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Performance

XLG opened at $47.21 on Friday. The firm’s fifty day moving average is $45.60 and its two-hundred day moving average is $43.97. The firm has a market cap of $4.60 billion, a PE ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a twelve month low of $32.74 and a twelve month high of $47.99.

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.