77,880 Shares in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Purchased by RIA Advisory Group LLC

RIA Advisory Group LLC acquired a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 77,880 shares of the company’s stock, valued at approximately $3,702,000. Invesco S&P 500 Top 50 ETF makes up about 1.3% of RIA Advisory Group LLC’s investment portfolio, making the stock its 14th largest holding. RIA Advisory Group LLC owned about 0.08% of Invesco S&P 500 Top 50 ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC grew its position in shares of Invesco S&P 500 Top 50 ETF by 6.6% during the 2nd quarter. LPL Financial LLC now owns 7,237,697 shares of the company’s stock valued at $331,125,000 after acquiring an additional 448,925 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Invesco S&P 500 Top 50 ETF by 20.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,305,381 shares of the company’s stock valued at $59,721,000 after buying an additional 223,301 shares in the last quarter. GPS Wealth Strategies Group LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 7.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 927,894 shares of the company’s stock worth $42,451,000 after buying an additional 60,665 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Invesco S&P 500 Top 50 ETF by 20.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 875,278 shares of the company’s stock valued at $40,044,000 after buying an additional 151,025 shares in the last quarter. Finally, Raymond James & Associates grew its stake in Invesco S&P 500 Top 50 ETF by 69.7% in the 3rd quarter. Raymond James & Associates now owns 816,880 shares of the company’s stock valued at $38,826,000 after acquiring an additional 335,532 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA:XLG opened at $48.56 on Friday. The stock has a market capitalization of $4.73 billion, a PE ratio of 2.92 and a beta of 1.08. The company has a fifty day moving average of $47.73 and a two-hundred day moving average of $45.85. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $36.06 and a fifty-two week high of $49.92.

About Invesco S&P 500 Top 50 ETF

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.