Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Stock Position Lifted by LPL Financial LLC

LPL Financial LLC grew its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 22.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,775,057 shares of the company’s stock after buying an additional 1,795,590 shares during the quarter. LPL Financial LLC owned about 0.10% of Invesco S&P 500 Top 50 ETF worth $488,362,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter worth approximately $112,591,000. Independent Advisor Alliance bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter worth approximately $38,858,000. Bank Hapoalim BM bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter worth approximately $13,289,000. PMG Wealth Management Inc. bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter worth approximately $11,276,000. Finally, HighTower Advisors LLC increased its position in Invesco S&P 500 Top 50 ETF by 27.7% in the 3rd quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock valued at $43,982,000 after acquiring an additional 200,879 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

XLG opened at $46.91 on Friday. Invesco S&P 500 Top 50 ETF has a 12 month low of $39.75 and a 12 month high of $51.80. The stock has a market cap of $8.20 billion, a P/E ratio of 26.40 and a beta of 1.01. The stock’s 50 day moving average price is $49.61 and its 200 day moving average price is $49.05.

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.