Commons Capital LLC Purchases Shares of 22,055 Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Commons Capital LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 22,055 shares of the company’s stock, valued at approximately $1,102,000. Invesco S&P 500 Top 50 ETF makes up about 1.0% of Commons Capital LLC’s investment portfolio, making the stock its 18th biggest position.

A number of other hedge funds have also bought and sold shares of XLG. LPL Financial LLC lifted its stake 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 worth $379,264,000 after acquiring an additional 741,770 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Invesco S&P 500 Top 50 ETF by 868.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 664,259 shares of the company’s stock valued at $30,389,000 after purchasing an additional 595,661 shares in the last quarter. Core Wealth Advisors Inc. purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 2nd quarter worth $17,484,000. Raymond James & Associates grew its position in Invesco S&P 500 Top 50 ETF by 69.7% in the 3rd quarter. Raymond James & Associates now owns 816,880 shares of the company’s stock valued at $38,826,000 after acquiring an additional 335,532 shares in the last quarter. Finally, HighTower Advisors LLC grew 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 in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Up 0.6 %

XLG stock opened at $50.79 on Wednesday. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. The business has a 50 day moving average price of $50.20 and a 200 day moving average price of $47.90. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $38.82 and a fifty-two week high of $51.76.

About Invesco S&P 500 Top 50 ETF

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.