Partners Wealth Management LLC Acquires Shares of 21,783 Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Partners Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the 4th quarter, HoldingsChannel reports. The firm acquired 21,783 shares of the company’s stock, valued at approximately $1,088,000. Invesco S&P 500 Top 50 ETF comprises about 1.2% of Partners Wealth Management LLC’s portfolio, making the stock its 22nd biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XLG. MONECO Advisors LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 7.2% during the 4th quarter. MONECO Advisors LLC now owns 25,757 shares of the company’s stock worth $1,287,000 after purchasing an additional 1,731 shares during the period. LWM Advisory Services LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 11.9% during the 4th quarter. LWM Advisory Services LLC now owns 64,335 shares of the company’s stock worth $3,214,000 after purchasing an additional 6,864 shares during the period. PMG Wealth Management Inc. purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth $11,276,000. Greystone Financial Group LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 3.1% during the 4th quarter. Greystone Financial Group LLC now owns 39,102 shares of the company’s stock worth $1,954,000 after purchasing an additional 1,184 shares during the period. Finally, Compass Capital Corp MA ADV purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter worth $236,000.

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

Shares of XLG opened at $50.58 on Monday. The stock’s fifty day simple moving average is $50.77 and its 200 day simple moving average is $48.76. 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 twelve month low of $39.75 and a twelve month high of $51.80.

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.