Austin Private Wealth LLC Grows Stake in Invesco S&P 500 Top 50 ETF $XLG

Austin Private Wealth LLC increased its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 985,939 shares of the company’s stock after buying an additional 20,370 shares during the period. Invesco S&P 500 Top 50 ETF accounts for approximately 4.3% of Austin Private Wealth LLC’s investment portfolio, making the stock its 5th biggest holding. Austin Private Wealth LLC owned about 0.50% of Invesco S&P 500 Top 50 ETF worth $58,446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XLG. Jane Street Group LLC grew its stake in Invesco S&P 500 Top 50 ETF by 444.6% in the first quarter. Jane Street Group LLC now owns 182,870 shares of the company’s stock valued at $8,416,000 after acquiring an additional 149,290 shares during the period. Russell Investments Group Ltd. raised its position in shares of Invesco S&P 500 Top 50 ETF by 151.8% during the second quarter. Russell Investments Group Ltd. now owns 1,536 shares of the company’s stock worth $80,000 after purchasing an additional 926 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the second quarter worth approximately $1,042,000. Royal Fund Management LLC lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 70.3% in the 2nd quarter. Royal Fund Management LLC now owns 16,151 shares of the company’s stock worth $842,000 after purchasing an additional 6,669 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter worth $7,118,000.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA XLG opened at $54.91 on Friday. The company has a market cap of $9.84 billion, a P/E ratio of 27.80 and a beta of 1.03. The company has a fifty day simple moving average of $56.82 and a 200 day simple moving average of $58.03. Invesco S&P 500 Top 50 ETF has a 12-month low of $39.50 and a 12-month high of $60.63.

Invesco S&P 500 Top 50 ETF 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.