Secure Asset Management LLC Raises Stock Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Secure Asset Management LLC boosted its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 36.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,779 shares of the company’s stock after purchasing an additional 1,556 shares during the quarter. Secure Asset Management LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $289,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. LPL Financial LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 10.2% during the 3rd quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock worth $379,264,000 after acquiring an additional 741,770 shares in the last quarter. Core Wealth Advisors Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at $17,484,000. Raymond James & Associates boosted its position in shares of Invesco S&P 500 Top 50 ETF by 69.7% in the 3rd quarter. Raymond James & Associates now owns 816,880 shares of the company’s stock worth $38,826,000 after purchasing an additional 335,532 shares in the last quarter. HighTower Advisors LLC grew its stake in Invesco S&P 500 Top 50 ETF by 27.7% during the 3rd quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock worth $43,982,000 after buying an additional 200,879 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in 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 valued at $36,822,000 after buying an additional 173,566 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of NYSEARCA XLG opened at $51.47 on Friday. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $38.82 and a fifty-two week high of $51.80. The company has a market cap of $5.02 billion, a PE ratio of 2.92 and a beta of 1.08. The business has a 50-day simple moving average of $50.36 and a two-hundred day simple moving average of $48.00.

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.