RIA Advisory Group LLC Makes New $3.70 Million Investment in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

RIA Advisory Group LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 77,880 shares of the company’s stock, valued at approximately $3,702,000. Invesco S&P 500 Top 50 ETF makes up approximately 1.3% of RIA Advisory Group LLC’s portfolio, making the stock its 14th biggest position.

A number of other hedge funds have also made changes to their positions in the stock. Redhawk Wealth Advisors Inc. acquired a new position in Invesco S&P 500 Top 50 ETF during the 2nd quarter worth $33,242,000. Thrivent Financial for Lutherans boosted its stake in 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 valued at $30,389,000 after purchasing an additional 595,661 shares during the period. Bricktown Capital LLC acquired a new stake in Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at approximately $27,172,000. Wealth Enhancement Advisory Services LLC increased its position in Invesco S&P 500 Top 50 ETF by 4,253.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 601,146 shares of the company’s stock worth $27,502,000 after buying an additional 587,337 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 6.6% during the second quarter. LPL Financial LLC now owns 7,237,697 shares of the company’s stock worth $331,125,000 after buying an additional 448,925 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Trading Down 1.8 %

XLG opened at $48.56 on Friday. The business has a 50 day moving average of $47.73 and a 200-day moving average of $45.85. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 1-year low of $36.06 and a 1-year high of $49.92.

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.