LWM Advisory Services LLC Grows Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

LWM Advisory Services LLC raised its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,335 shares of the company’s stock after buying an additional 6,864 shares during the period. Invesco S&P 500 Top 50 ETF comprises 2.2% of LWM Advisory Services LLC’s investment portfolio, making the stock its 13th biggest position. LWM Advisory Services LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $3,214,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Abound Wealth Management purchased a new position in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at $30,000. Hager Investment Management Services LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth about $30,000. Decker Retirement Planning Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth about $34,000. Concord Wealth Partners purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the third quarter worth about $47,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth about $58,000.

Invesco S&P 500 Top 50 ETF Stock Down 1.8 %

XLG stock opened at $50.58 on Friday. The stock has a market capitalization of $4.93 billion, a P/E ratio of 2.92 and a beta of 1.08. The firm has a 50-day simple moving average of $50.77 and a 200-day simple moving average of $48.72. Invesco S&P 500 Top 50 ETF has a 52 week low of $39.75 and a 52 week high of $51.80.

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.