Avidian Wealth Enterprises LLC Raises Stock Holdings in Invesco S&P 500 Top 50 ETF $XLG

Avidian Wealth Enterprises LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 33.2% during the second quarter, HoldingsChannel.com reports. The fund owned 25,256 shares of the company’s stock after buying an additional 6,295 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,316,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Balboa Wealth Partners grew its position in Invesco S&P 500 Top 50 ETF by 2.2% in the 2nd quarter. Balboa Wealth Partners now owns 9,660 shares of the company’s stock worth $503,000 after purchasing an additional 210 shares during the period. Smith Salley Wealth Management grew its position in Invesco S&P 500 Top 50 ETF by 2.9% during the second quarter. Smith Salley Wealth Management now owns 7,555 shares of the company’s stock valued at $394,000 after buying an additional 215 shares during the period. Concord Wealth Partners increased its stake in shares of Invesco S&P 500 Top 50 ETF by 13.3% in the 2nd quarter. Concord Wealth Partners now owns 1,853 shares of the company’s stock worth $97,000 after purchasing an additional 217 shares in the last quarter. TIAA Trust National Association grew its holdings in Invesco S&P 500 Top 50 ETF by 4.1% during the first quarter. TIAA Trust National Association now owns 6,380 shares of the company’s stock valued at $294,000 after purchasing an additional 251 shares during the period. Finally, Keystone Wealth Services LLC grew its holdings in Invesco S&P 500 Top 50 ETF by 1.2% during the second quarter. Keystone Wealth Services LLC now owns 22,953 shares of the company’s stock valued at $1,196,000 after purchasing an additional 271 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Down 0.2%

NYSEARCA XLG opened at $58.06 on Wednesday. Invesco S&P 500 Top 50 ETF has a 52 week low of $39.50 and a 52 week high of $58.48. The company has a market capitalization of $11.16 billion, a P/E ratio of 27.80 and a beta of 1.00. The stock’s 50-day moving average price is $56.43 and its 200-day moving average price is $51.88.

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.