Archer Investment Management LLC Takes $2.16 Million Position in Invesco S&P 500 Top 50 ETF $XLG

Archer Investment Management LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 36,513 shares of the company’s stock, valued at approximately $2,164,000. Invesco S&P 500 Top 50 ETF comprises 1.2% of Archer Investment Management LLC’s investment portfolio, making the stock its 26th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Invesco S&P 500 Top 50 ETF by 53.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,786,602 shares of the company’s stock valued at $217,805,000 after acquiring an additional 1,321,856 shares during the period. Ameriprise Financial Inc. lifted its holdings in Invesco S&P 500 Top 50 ETF by 46.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,296,020 shares of the company’s stock valued at $132,108,000 after purchasing an additional 729,356 shares during the last quarter. CW Advisors LLC boosted its position in Invesco S&P 500 Top 50 ETF by 1,645.5% during the second quarter. CW Advisors LLC now owns 719,865 shares of the company’s stock worth $37,505,000 after purchasing an additional 678,624 shares during the period. Raymond James Financial Inc. boosted its position in Invesco S&P 500 Top 50 ETF by 25.8% during the second quarter. Raymond James Financial Inc. now owns 2,867,532 shares of the company’s stock worth $149,398,000 after purchasing an additional 588,257 shares during the period. Finally, Austin Private Wealth LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 82.9% in the third quarter. Austin Private Wealth LLC now owns 965,569 shares of the company’s stock valued at $55,540,000 after purchasing an additional 437,651 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG opened at $54.63 on Wednesday. The firm has a market capitalization of $10.63 billion, a PE ratio of 27.80 and a beta of 1.03. The company’s 50-day moving average is $57.50 and its 200-day moving average is $58.16. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $39.50 and a fifty-two week high of $60.63.

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. 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.