Abound Wealth Management Purchases New Shares in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Abound Wealth Management acquired a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the fourth quarter, Holdings Channel.com reports. The firm acquired 603 shares of the company’s stock, valued at approximately $30,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cooper Financial Group lifted its stake in Invesco S&P 500 Top 50 ETF by 8.8% in the fourth quarter. Cooper Financial Group now owns 4,901 shares of the company’s stock worth $245,000 after purchasing an additional 398 shares during the last quarter. Wedmont Private Capital boosted its holdings in Invesco S&P 500 Top 50 ETF by 4.9% during the 4th quarter. Wedmont Private Capital now owns 9,017 shares of the company’s stock valued at $446,000 after acquiring an additional 420 shares during the period. City Center Advisors LLC bought a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at $1,342,000. HBW Advisory Services LLC increased its stake in Invesco S&P 500 Top 50 ETF by 9.3% in the fourth quarter. HBW Advisory Services LLC now owns 73,961 shares of the company’s stock worth $3,695,000 after purchasing an additional 6,278 shares during the period. Finally, Moller Wealth Partners lifted its position in shares of Invesco S&P 500 Top 50 ETF by 27.8% during the fourth quarter. Moller Wealth Partners now owns 38,457 shares of the company’s stock worth $1,921,000 after purchasing an additional 8,372 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Trading Down 0.4 %

Shares of NYSEARCA XLG traded down $0.21 during mid-day trading on Monday, reaching $49.29. The company had a trading volume of 1,176,532 shares, compared to its average volume of 1,542,195. Invesco S&P 500 Top 50 ETF has a 52 week low of $37.67 and a 52 week high of $51.76. The business’s 50-day moving average is $50.08 and its 200-day moving average is $47.74. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08.

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.