Optivise Advisory Services LLC Invests $1.41 Million in Invesco S&P 500 Top 50 ETF $XLG

Optivise Advisory Services LLC bought a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,858 shares of the company’s stock, valued at approximately $1,414,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in Invesco S&P 500 Top 50 ETF by 7.4% in the third quarter. Bank of America Corp DE now owns 4,248,330 shares of the company’s stock worth $244,364,000 after acquiring an additional 291,048 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Invesco S&P 500 Top 50 ETF by 53.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,786,602 shares of the company’s stock valued at $217,805,000 after purchasing an additional 1,321,856 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Invesco S&P 500 Top 50 ETF by 1.2% in the 3rd quarter. Raymond James Financial Inc. now owns 2,900,899 shares of the company’s stock valued at $166,860,000 after purchasing an additional 33,367 shares during the last quarter. Principle Wealth Partners LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 2.2% in the 3rd quarter. Principle Wealth Partners LLC now owns 2,741,301 shares of the company’s stock valued at $157,680,000 after purchasing an additional 59,078 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 0.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,470,451 shares of the company’s stock valued at $142,100,000 after purchasing an additional 6,376 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Trading Up 0.7%

Invesco S&P 500 Top 50 ETF stock opened at $55.02 on Thursday. The company has a fifty day simple moving average of $57.42 and a 200-day simple moving average of $58.14. The stock has a market cap of $10.70 billion, a P/E ratio of 27.80 and a beta of 1.03. Invesco S&P 500 Top 50 ETF has a 12-month low of $39.50 and a 12-month high of $60.63.

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. The Russell 3000 Index is an unmanaged capitalization-weighted index that offers investors access to the United States equity universe representing approximately 98% of the United States equity market.