Thrivent Financial for Lutherans Boosts Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Thrivent Financial for Lutherans grew its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 22.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 810,478 shares of the company’s stock after buying an additional 146,219 shares during the period. Thrivent Financial for Lutherans’ holdings in Invesco S&P 500 Top 50 ETF were worth $38,522,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. LPL Financial LLC boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 6.6% during the 2nd quarter. LPL Financial LLC now owns 7,237,697 shares of the company’s stock valued at $331,125,000 after purchasing an additional 448,925 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 20.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,305,381 shares of the company’s stock valued at $59,721,000 after purchasing an additional 223,301 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 7.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 927,894 shares of the company’s stock valued at $42,451,000 after purchasing an additional 60,665 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 20.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 875,278 shares of the company’s stock valued at $40,044,000 after purchasing an additional 151,025 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 69.7% during the 3rd quarter. Raymond James & Associates now owns 816,880 shares of the company’s stock valued at $38,826,000 after purchasing an additional 335,532 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Trading Up 0.5 %

Shares of XLG opened at $48.78 on Tuesday. The firm’s 50-day moving average price is $47.73 and its 200-day moving average price is $45.92. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 1-year low of $36.06 and a 1-year high of $49.92.

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.