Invesco S&P 500 Top 50 ETF $XLG Shares Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. grew its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 5.1% in the third quarter, Holdings Channel reports. The institutional investor owned 502,299 shares of the company’s stock after purchasing an additional 24,527 shares during the period. Stratos Wealth Partners LTD.’s holdings in Invesco S&P 500 Top 50 ETF were worth $28,892,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in XLG. Soundwatch Capital LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF during the 2nd quarter worth about $1,790,000. Principle Wealth Partners LLC increased 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 during the last quarter. CW Advisors LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 1,645.5% during the second quarter. CW Advisors LLC now owns 719,865 shares of the company’s stock worth $37,505,000 after purchasing an additional 678,624 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Invesco S&P 500 Top 50 ETF by 32.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,464,746 shares of the company’s stock worth $128,413,000 after buying an additional 597,737 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of Invesco S&P 500 Top 50 ETF by 25.8% in the 2nd quarter. Raymond James Financial Inc. now owns 2,867,532 shares of the company’s stock valued at $149,398,000 after buying an additional 588,257 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG opened at $58.46 on Wednesday. The firm has a fifty day moving average price of $59.08 and a 200 day moving average price of $57.69. The stock has a market cap of $11.37 billion, a PE ratio of 27.80 and a beta of 1.03. Invesco S&P 500 Top 50 ETF has a 1-year low of $39.50 and a 1-year 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.