Avidian Wealth Enterprises LLC Grows Holdings in Invesco S&P 500 Top 50 ETF $XLG

Avidian Wealth Enterprises LLC raised its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 111.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,461 shares of the company’s stock after buying an additional 28,205 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $3,075,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Retirement Planning Group LLC NY bought a new position in Invesco S&P 500 Top 50 ETF during the 3rd quarter worth approximately $533,000. AE Wealth Management LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 71.4% during the 2nd quarter. AE Wealth Management LLC now owns 126,429 shares of the company’s stock valued at $6,587,000 after acquiring an additional 52,645 shares in the last quarter. Cannon Advisors Inc. lifted its stake in Invesco S&P 500 Top 50 ETF by 40.4% during the third quarter. Cannon Advisors Inc. now owns 29,829 shares of the company’s stock worth $1,732,000 after purchasing an additional 8,584 shares during the last quarter. M Holdings Securities Inc. bought a new position in Invesco S&P 500 Top 50 ETF during the second quarter worth $656,000. Finally, Apeiron RIA LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 78.1% in the third quarter. Apeiron RIA LLC now owns 103,493 shares of the company’s stock worth $5,956,000 after purchasing an additional 45,399 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of NYSEARCA:XLG opened at $57.45 on Wednesday. The company’s fifty day moving average is $59.09 and its two-hundred day moving average is $57.09. Invesco S&P 500 Top 50 ETF has a 1-year low of $39.50 and a 1-year high of $60.63. The stock has a market capitalization of $11.25 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03.

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. The Russell 3000 Index is an unmanaged capitalization-weighted index that offers investors access to the United States equity universe representing approximately 98% of the United States equity market.