Garden State Investment Advisory Services LLC Buys 1,252 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Garden State Investment Advisory Services LLC increased its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 28.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,672 shares of the company’s stock after buying an additional 1,252 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in XLG. World Investment Advisors LLC raised its stake in Invesco S&P 500 Top 50 ETF by 61.6% in the third quarter. World Investment Advisors LLC now owns 173,221 shares of the company’s stock valued at $8,233,000 after buying an additional 66,037 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 39.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 8,778 shares of the company’s stock valued at $415,000 after purchasing an additional 2,472 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Invesco S&P 500 Top 50 ETF by 3.5% in the third quarter. JPMorgan Chase & Co. now owns 723,678 shares of the company’s stock valued at $34,396,000 after purchasing an additional 24,527 shares during the period. Moller Wealth Partners lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 27.8% during the 4th quarter. Moller Wealth Partners now owns 38,457 shares of the company’s stock worth $1,921,000 after buying an additional 8,372 shares during the last quarter. Finally, HBW Advisory Services LLC grew its stake in Invesco S&P 500 Top 50 ETF by 9.3% in the 4th quarter. HBW Advisory Services LLC now owns 73,961 shares of the company’s stock valued at $3,695,000 after buying an additional 6,278 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Down 2.8 %

Shares of NYSEARCA:XLG opened at $43.29 on Thursday. Invesco S&P 500 Top 50 ETF has a 12-month low of $39.50 and a 12-month high of $51.80. The business has a 50 day moving average of $47.22 and a 200-day moving average of $48.79. The stock has a market cap of $7.52 billion, a PE ratio of 26.47 and a beta of 1.01.

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.