Merkkuri Wealth Advisors LLC Buys 20,545 Shares of Invesco S&P 500 Top 50 ETF $XLG

Merkkuri Wealth Advisors LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 108.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,560 shares of the company’s stock after buying an additional 20,545 shares during the quarter. Invesco S&P 500 Top 50 ETF comprises approximately 1.7% of Merkkuri Wealth Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Merkkuri Wealth Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $2,276,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Soundwatch Capital LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at $1,790,000. Principle Wealth Partners LLC raised its stake in Invesco S&P 500 Top 50 ETF by 85.0% in the second quarter. Principle Wealth Partners LLC now owns 2,682,223 shares of the company’s stock valued at $139,744,000 after purchasing an additional 1,232,337 shares in the last quarter. CW Advisors LLC raised its stake in Invesco S&P 500 Top 50 ETF by 1,645.5% in the second quarter. CW Advisors LLC now owns 719,865 shares of the company’s stock valued at $37,505,000 after purchasing an additional 678,624 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Invesco S&P 500 Top 50 ETF by 32.0% during the second quarter. JPMorgan Chase & Co. now owns 2,464,746 shares of the company’s stock worth $128,413,000 after purchasing an additional 597,737 shares during the period. Finally, Raymond James Financial Inc. grew its stake in Invesco S&P 500 Top 50 ETF by 25.8% during the second quarter. Raymond James Financial Inc. now owns 2,867,532 shares of the company’s stock worth $149,398,000 after buying an additional 588,257 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Down 0.1%

XLG stock opened at $58.85 on Tuesday. The company’s 50-day moving average price is $59.13 and its two-hundred day moving average price is $57.06. The firm has a market cap of $11.52 billion, a P/E ratio of 27.80 and a beta of 1.03. Invesco S&P 500 Top 50 ETF has a 12 month low of $39.50 and a 12 month high of $60.63.

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.