Foundations Investment Advisors LLC Acquires 8,374 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Foundations Investment Advisors LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 36.8% in the fourth quarter, HoldingsChannel reports. The firm owned 31,132 shares of the company’s stock after buying an additional 8,374 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,555,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of XLG. LPL Financial LLC grew 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 purchasing an additional 741,770 shares during the period. Raymond James & Associates increased its stake in shares of 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 worth $38,826,000 after acquiring an additional 335,532 shares in the last quarter. HighTower Advisors LLC lifted its position in Invesco S&P 500 Top 50 ETF by 27.7% during the 3rd quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock valued at $43,982,000 after acquiring an additional 200,879 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Invesco S&P 500 Top 50 ETF by 28.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 774,712 shares of the company’s stock worth $36,822,000 after acquiring an additional 173,566 shares in the last quarter. Finally, Seros Financial LLC bought a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter worth about $7,596,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of NYSEARCA XLG opened at $51.21 on Wednesday. The company has a 50 day simple moving average of $50.39 and a two-hundred day simple moving average of $48.03. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $38.82 and a fifty-two week high of $51.80. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08.

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.