RiverTree Advisors LLC Grows Stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

RiverTree Advisors LLC lifted its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 1,049.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,805 shares of the company’s stock after purchasing an additional 76,513 shares during the quarter. Invesco S&P 500 Top 50 ETF comprises approximately 2.8% of RiverTree Advisors LLC’s portfolio, making the stock its 14th largest holding. RiverTree Advisors LLC owned approximately 0.09% of Invesco S&P 500 Top 50 ETF worth $4,187,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in XLG. LPL Financial LLC lifted its position in Invesco S&P 500 Top 50 ETF by 10.2% during the third quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock valued at $379,264,000 after purchasing an additional 741,770 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 868.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 664,259 shares of the company’s stock worth $30,389,000 after acquiring an additional 595,661 shares during the last quarter. Core Wealth Advisors Inc. purchased a new position in Invesco S&P 500 Top 50 ETF in the second quarter worth $17,484,000. Raymond James & Associates increased its stake in Invesco S&P 500 Top 50 ETF by 69.7% in the third quarter. Raymond James & Associates now owns 816,880 shares of the company’s stock valued at $38,826,000 after acquiring an additional 335,532 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in Invesco S&P 500 Top 50 ETF by 27.7% during the third quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock valued at $43,982,000 after purchasing an additional 200,879 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Up 1.3 %

Shares of XLG stock opened at $50.48 on Monday. The firm has a market cap of $4.92 billion, a P/E ratio of 2.92 and a beta of 1.08. The business has a 50-day moving average price of $50.18 and a two-hundred day moving average price of $47.87. Invesco S&P 500 Top 50 ETF has a 12-month low of $38.01 and a 12-month high of $51.76.

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.