PMG Wealth Management Inc. bought a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund bought 225,704 shares of the company’s stock, valued at approximately $11,276,000. Invesco S&P 500 Top 50 ETF accounts for about 10.3% of PMG Wealth Management Inc.’s portfolio, making the stock its biggest holding.
A number of other hedge funds have also bought and sold shares of XLG. LPL Financial LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 10.2% in the third quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock worth $379,264,000 after purchasing an additional 741,770 shares during the last quarter. Bank Hapoalim BM acquired a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter worth approximately $13,289,000. HighTower Advisors LLC raised its position in Invesco S&P 500 Top 50 ETF by 27.7% during the 3rd quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock worth $43,982,000 after buying an additional 200,879 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake in Invesco S&P 500 Top 50 ETF by 66.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 476,332 shares of the company’s stock valued at $23,798,000 after acquiring an additional 190,180 shares during the period. Finally, Win Advisors Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at $8,847,000.
Invesco S&P 500 Top 50 ETF Price Performance
NYSEARCA:XLG opened at $50.58 on Friday. The company’s fifty day moving average price is $50.78 and its 200-day moving average price is $48.67. Invesco S&P 500 Top 50 ETF has a 1-year low of $39.75 and a 1-year high of $51.80. The firm has a market capitalization of $4.93 billion, a P/E ratio of 2.92 and a beta of 1.08.
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.
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Want to see what other hedge funds are holding XLG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report).
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