Focus Partners Wealth Raises Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Focus Partners Wealth grew its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 157.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 179,714 shares of the company’s stock after buying an additional 109,787 shares during the quarter. Focus Partners Wealth owned 0.18% of Invesco S&P 500 Top 50 ETF worth $8,979,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Demars Financial Group LLC raised its stake in Invesco S&P 500 Top 50 ETF by 5,930.2% in the fourth quarter. Demars Financial Group LLC now owns 28,403,144 shares of the company’s stock valued at $1,419,021,000 after buying an additional 27,932,132 shares during the last quarter. LPL Financial LLC raised its position in Invesco S&P 500 Top 50 ETF by 22.5% during the fourth quarter. LPL Financial LLC now owns 9,775,057 shares of the company’s stock valued at $488,362,000 after acquiring an additional 1,795,590 shares in the last quarter. Wells Fargo & Company MN raised its position in Invesco S&P 500 Top 50 ETF by 11.0% during the fourth quarter. Wells Fargo & Company MN now owns 3,425,397 shares of the company’s stock valued at $171,133,000 after acquiring an additional 339,940 shares in the last quarter. Ameriprise Financial Inc. raised its position in Invesco S&P 500 Top 50 ETF by 1.1% during the fourth quarter. Ameriprise Financial Inc. now owns 2,701,621 shares of the company’s stock valued at $134,972,000 after acquiring an additional 29,332 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $112,591,000.

Invesco S&P 500 Top 50 ETF Price Performance

Invesco S&P 500 Top 50 ETF stock opened at $48.83 on Wednesday. The stock has a market capitalization of $8.69 billion, a PE ratio of 26.13 and a beta of 1.04. Invesco S&P 500 Top 50 ETF has a 12 month low of $39.50 and a 12 month high of $51.80. The business has a 50 day simple moving average of $45.47 and a 200-day simple moving average of $48.51.

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.