Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Shares Bought by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC lifted its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 168,163 shares of the company’s stock after purchasing an additional 2,457 shares during the quarter. Invesco S&P 500 Top 50 ETF comprises about 2.7% of Precedent Wealth Partners LLC’s investment portfolio, making the stock its 8th biggest position. Precedent Wealth Partners LLC owned about 0.17% of Invesco S&P 500 Top 50 ETF worth $8,401,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Abound Wealth Management purchased a new stake in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $30,000. Decker Retirement Planning Inc. acquired a new position in Invesco S&P 500 Top 50 ETF during the fourth quarter worth approximately $34,000. Concord Wealth Partners purchased a new position in Invesco S&P 500 Top 50 ETF during the third quarter worth approximately $47,000. Investors Research Corp boosted its holdings in shares of Invesco S&P 500 Top 50 ETF by 126.7% in the 3rd quarter. Investors Research Corp now owns 1,909 shares of the company’s stock valued at $91,000 after purchasing an additional 1,067 shares during the last quarter. Finally, Centennial Bank AR purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at $101,000.

Invesco S&P 500 Top 50 ETF Trading Down 0.3 %

Shares of XLG opened at $51.47 on Friday. The stock’s fifty day simple moving average is $50.36 and its 200 day simple moving average is $48.00. Invesco S&P 500 Top 50 ETF has a twelve month low of $38.82 and a twelve month high of $51.80. The firm has a market capitalization of $5.02 billion, a P/E ratio of 2.92 and a beta of 1.08.

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.