PMG Wealth Management Inc. Buys Shares of 225,704 Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

PMG Wealth Management Inc. purchased a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 225,704 shares of the company’s stock, valued at approximately $11,276,000. Invesco S&P 500 Top 50 ETF makes up 10.3% of PMG Wealth Management Inc.’s investment portfolio, making the stock its biggest holding. PMG Wealth Management Inc. owned approximately 0.23% of Invesco S&P 500 Top 50 ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XLG. Sequoia Financial Advisors LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 3.0% in the third quarter. Sequoia Financial Advisors LLC now owns 25,796 shares of the company’s stock worth $1,226,000 after purchasing an additional 745 shares in the last quarter. Financial Partners Group LLC grew its position in shares of Invesco S&P 500 Top 50 ETF by 3.9% in the 3rd quarter. Financial Partners Group LLC now owns 40,887 shares of the company’s stock worth $1,943,000 after buying an additional 1,520 shares during the last quarter. Consolidated Portfolio Review Corp grew its position in shares of Invesco S&P 500 Top 50 ETF by 0.6% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 160,318 shares of the company’s stock worth $7,620,000 after buying an additional 901 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 28.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 774,712 shares of the company’s stock worth $36,822,000 after acquiring an additional 173,566 shares in the last quarter. Finally, GHP Investment Advisors Inc. purchased a new stake in Invesco S&P 500 Top 50 ETF during the third quarter valued at approximately $147,000.

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

NYSEARCA XLG opened at $50.58 on Friday. The firm’s fifty day simple moving average is $50.78 and its two-hundred day simple moving average is $48.67. The firm has a market capitalization of $4.93 billion, a P/E ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 12-month low of $39.75 and a 12-month high of $51.80.

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.