HighTower Advisors LLC Purchases 389 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

HighTower Advisors LLC raised its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Get Rating) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,353 shares of the company’s stock after purchasing an additional 389 shares during the quarter. HighTower Advisors LLC owned 0.08% of Invesco S&P 500 Top 50 ETF worth $1,479,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fisher Asset Management LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 9.6% in the 4th quarter. Fisher Asset Management LLC now owns 876,735 shares of the company’s stock valued at $241,961,000 after purchasing an additional 76,666 shares during the period. LPL Financial LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 2.9% in the 4th quarter. LPL Financial LLC now owns 294,706 shares of the company’s stock valued at $81,333,000 after purchasing an additional 8,199 shares during the period. UBS Group AG raised its stake in shares of Invesco S&P 500 Top 50 ETF by 24.3% in the 1st quarter. UBS Group AG now owns 221,343 shares of the company’s stock valued at $77,798,000 after purchasing an additional 43,282 shares during the period. Royal Bank of Canada raised its stake in shares of Invesco S&P 500 Top 50 ETF by 50.3% in the 3rd quarter. Royal Bank of Canada now owns 56,049 shares of the company’s stock valued at $15,089,000 after purchasing an additional 18,750 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Invesco S&P 500 Top 50 ETF by 2.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 54,490 shares of the company’s stock valued at $15,038,000 after acquiring an additional 1,107 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA:XLG opened at $326.52 on Friday. The stock’s 50-day simple moving average is $312.93 and its 200 day simple moving average is $297.07. The company has a market cap of $1.98 billion, a P/E ratio of 19.22 and a beta of 1.00. Invesco S&P 500 Top 50 ETF has a 52-week low of $260.46 and a 52-week high of $328.88.

Invesco S&P 500 Top 50 ETF Company Profile

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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.