Independent Advisor Alliance Buys 9,007 Shares of Invesco S&P 500 Top 50 ETF $XLG

Independent Advisor Alliance increased its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 247.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,647 shares of the company’s stock after purchasing an additional 9,007 shares during the quarter. Independent Advisor Alliance’s holdings in Invesco S&P 500 Top 50 ETF were worth $750,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of XLG. Rollins Financial Advisors LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 29.8% in the 4th quarter. Rollins Financial Advisors LLC now owns 9,247 shares of the company’s stock valued at $548,000 after buying an additional 2,125 shares in the last quarter. Birchbrook Inc. acquired a new stake in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $27,000. Win Advisors Inc. bought a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $3,018,000. Tsfg LLC raised its position in Invesco S&P 500 Top 50 ETF by 19.4% during the fourth quarter. Tsfg LLC now owns 246,889 shares of the company’s stock valued at $14,636,000 after purchasing an additional 40,060 shares in the last quarter. Finally, Horizon Wealth Management LLC raised its position in Invesco S&P 500 Top 50 ETF by 1.0% during the fourth quarter. Horizon Wealth Management LLC now owns 19,032 shares of the company’s stock valued at $1,128,000 after purchasing an additional 180 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA XLG opened at $63.55 on Friday. The business has a fifty day moving average price of $58.08 and a two-hundred day moving average price of $58.53. The stock has a market capitalization of $11.19 billion, a PE ratio of 27.80 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $47.93 and a fifty-two week high of $64.33.

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.