AE Wealth Management LLC Boosts Stock Position in Invesco S&P 500 Top 50 ETF $XLG

AE Wealth Management LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 26.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 253,606 shares of the company’s stock after purchasing an additional 52,918 shares during the period. AE Wealth Management LLC owned 0.13% of Invesco S&P 500 Top 50 ETF worth $15,034,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of XLG. Iams Wealth Management LLC raised its stake in Invesco S&P 500 Top 50 ETF by 49.6% in the fourth quarter. Iams Wealth Management LLC now owns 40,117 shares of the company’s stock worth $2,378,000 after buying an additional 13,295 shares in the last quarter. Independent Wealth Network Inc. bought a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter worth about $213,000. Private Trust Co. NA raised its stake in Invesco S&P 500 Top 50 ETF by 4.3% in the fourth quarter. Private Trust Co. NA now owns 30,214 shares of the company’s stock worth $1,791,000 after buying an additional 1,257 shares in the last quarter. Means Investment CO. Inc. raised its stake in Invesco S&P 500 Top 50 ETF by 4.9% in the fourth quarter. Means Investment CO. Inc. now owns 1,464,216 shares of the company’s stock worth $86,799,000 after buying an additional 67,933 shares in the last quarter. Finally, CWM LLC raised its stake in Invesco S&P 500 Top 50 ETF by 9.2% in the fourth quarter. CWM LLC now owns 98,965 shares of the company’s stock worth $5,867,000 after buying an additional 8,363 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of NYSEARCA XLG opened at $60.12 on Friday. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $41.65 and a fifty-two week high of $60.63. The company has a 50 day simple moving average of $56.58 and a two-hundred day simple moving average of $58.04. The company has a market capitalization of $10.62 billion, a price-to-earnings ratio of 27.80 and a beta of 1.05.

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.