ShoreHaven Wealth Partners LLC Takes Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

ShoreHaven Wealth Partners LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 102,442 shares of the company’s stock, valued at approximately $3,864,000. Invesco S&P 500 Top 50 ETF accounts for 2.4% of ShoreHaven Wealth Partners LLC’s portfolio, making the stock its 12th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 1,004.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 184,312 shares of the company’s stock valued at $6,259,000 after buying an additional 167,623 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Invesco S&P 500 Top 50 ETF by 844.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 183,635 shares of the company’s stock valued at $6,236,000 after purchasing an additional 164,193 shares in the last quarter. Raymond James & Associates increased its position in Invesco S&P 500 Top 50 ETF by 1,116.2% during the 3rd quarter. Raymond James & Associates now owns 398,510 shares of the company’s stock valued at $13,533,000 after purchasing an additional 365,742 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Invesco S&P 500 Top 50 ETF by 1,107.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 488,192 shares of the company’s stock worth $16,579,000 after buying an additional 447,775 shares in the last quarter. Finally, Brown Advisory Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the 3rd quarter worth $722,000.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA XLG traded up $0.01 on Wednesday, hitting $42.11. The stock had a trading volume of 895,799 shares, compared to its average volume of 1,161,206. Invesco S&P 500 Top 50 ETF has a 52-week low of $31.67 and a 52-week high of $42.53. The business’s fifty day moving average price is $41.47 and its 200 day moving average price is $38.96. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08.

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.