McNaughton Wealth Management LLC Purchases 40,263 Shares of Invesco S&P 500 Top 50 ETF $XLG

McNaughton Wealth Management LLC increased its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 84.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 88,173 shares of the company’s stock after purchasing an additional 40,263 shares during the quarter. Invesco S&P 500 Top 50 ETF makes up 2.0% of McNaughton Wealth Management LLC’s holdings, making the stock its 13th largest position. McNaughton Wealth Management LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $4,594,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of XLG. Bank of New York Mellon Corp bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the 1st quarter valued at about $110,557,000. Invesco Ltd. raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 212.9% in the 1st quarter. Invesco Ltd. now owns 3,363,435 shares of the company’s stock valued at $154,785,000 after purchasing an additional 2,288,508 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 130.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,505,947 shares of the company’s stock valued at $115,324,000 after purchasing an additional 1,417,535 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Invesco S&P 500 Top 50 ETF by 225.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,720,414 shares of the company’s stock valued at $79,173,000 after buying an additional 1,192,557 shares during the last quarter. Finally, Means Investment CO. Inc. grew its stake in Invesco S&P 500 Top 50 ETF by 1,122.3% in the 1st quarter. Means Investment CO. Inc. now owns 1,267,671 shares of the company’s stock valued at $58,338,000 after buying an additional 1,163,956 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG opened at $57.63 on Friday. Invesco S&P 500 Top 50 ETF has a 52 week low of $39.50 and a 52 week high of $58.03. The firm has a market cap of $11.03 billion, a P/E ratio of 27.80 and a beta of 1.00. The firm’s 50-day simple moving average is $55.55 and its 200 day simple moving average is $50.89.

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.