RM Financial Services LLC Buys Shares of 30,425 Invesco S&P 500 Top 50 ETF $XLG

RM Financial Services LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 30,425 shares of the company’s stock, valued at approximately $1,804,000. Invesco S&P 500 Top 50 ETF accounts for 1.6% of RM Financial Services LLC’s investment portfolio, making the stock its 14th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in Invesco S&P 500 Top 50 ETF by 53.6% in the third quarter. JPMorgan Chase & Co. now owns 3,786,602 shares of the company’s stock valued at $217,805,000 after buying an additional 1,321,856 shares during the last quarter. LPL Financial LLC increased its position in shares of Invesco S&P 500 Top 50 ETF by 8.0% during the fourth quarter. LPL Financial LLC now owns 11,554,356 shares of the company’s stock valued at $684,942,000 after acquiring an additional 856,661 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Invesco S&P 500 Top 50 ETF by 46.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,296,020 shares of the company’s stock valued at $132,108,000 after acquiring an additional 729,356 shares during the period. Raymond James Financial Inc. raised its stake 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 acquiring an additional 588,257 shares during the period. Finally, Advocacy Wealth Management LLC lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 56.6% in the 3rd quarter. Advocacy Wealth Management LLC now owns 1,094,754 shares of the company’s stock worth $62,970,000 after acquiring an additional 395,581 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA:XLG opened at $60.68 on Thursday. The stock has a market capitalization of $10.69 billion, a P/E ratio of 27.80 and a beta of 1.05. The company has a 50 day moving average price of $60.88 and a 200 day moving average price of $59.06. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $49.68 and a fifty-two week high of $64.77.

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. 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.