Crewe Advisors LLC Takes $377,000 Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Crewe Advisors LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 7,924 shares of the company’s stock, valued at approximately $377,000.

A number of other large investors have also recently added to or reduced their stakes in XLG. LPL Financial LLC increased its stake in Invesco S&P 500 Top 50 ETF by 10.2% during the third quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock worth $379,264,000 after acquiring an additional 741,770 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Invesco S&P 500 Top 50 ETF by 20.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,305,381 shares of the company’s stock worth $59,721,000 after purchasing an additional 223,301 shares during the last quarter. GPS Wealth Strategies Group LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 7.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 927,894 shares of the company’s stock valued at $42,451,000 after buying an additional 60,665 shares during the period. Envestnet Asset Management Inc. raised its holdings in Invesco S&P 500 Top 50 ETF by 20.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 875,278 shares of the company’s stock valued at $40,044,000 after buying an additional 151,025 shares during the period. Finally, Raymond James & Associates boosted its stake in Invesco S&P 500 Top 50 ETF by 69.7% during the third quarter. Raymond James & Associates now owns 816,880 shares of the company’s stock worth $38,826,000 after buying an additional 335,532 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG opened at $49.12 on Friday. The firm has a 50-day simple moving average of $48.06 and a two-hundred day simple moving average of $46.15. The stock has a market cap of $4.79 billion, a PE ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 1-year low of $36.06 and a 1-year high of $49.92.

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.