Raymond James Financial Services Advisors Inc. Increases Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 76.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 859,735 shares of the company’s stock after acquiring an additional 371,543 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 1.25% of Invesco S&P 500 Top 50 ETF worth $32,429,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Investment Advisers grew its stake in Invesco S&P 500 Top 50 ETF by 2.2% in the first quarter. Cetera Investment Advisers now owns 1,683 shares of the company’s stock worth $592,000 after purchasing an additional 37 shares in the last quarter. Citigroup Inc. grew its stake in Invesco S&P 500 Top 50 ETF by 2.6% in the first quarter. Citigroup Inc. now owns 1,673 shares of the company’s stock worth $520,000 after purchasing an additional 42 shares in the last quarter. Smith Moore & CO. grew its stake in Invesco S&P 500 Top 50 ETF by 7.3% in the first quarter. Smith Moore & CO. now owns 885 shares of the company’s stock worth $275,000 after purchasing an additional 60 shares in the last quarter. Bank of Montreal Can boosted its stake in Invesco S&P 500 Top 50 ETF by 71.0% in the first quarter. Bank of Montreal Can now owns 171 shares of the company’s stock valued at $61,000 after acquiring an additional 71 shares during the period. Finally, Equitable Holdings Inc. boosted its stake in Invesco S&P 500 Top 50 ETF by 7.1% in the first quarter. Equitable Holdings Inc. now owns 1,134 shares of the company’s stock valued at $399,000 after acquiring an additional 75 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Up 0.4 %

Shares of XLG stock opened at $42.19 on Thursday. The business has a 50 day moving average of $40.74 and a two-hundred day moving average of $37.57. Invesco S&P 500 Top 50 ETF has a 52 week low of $29.84 and a 52 week high of $42.53. The company has a market cap of $2.90 billion, a P/E ratio of 19.22 and a beta of 1.00.

Invesco S&P 500 Top 50 ETF 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.