Raymond James Financial Inc. Takes $112.59 Million Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Raymond James Financial Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,253,626 shares of the company’s stock, valued at approximately $112,591,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Dana Investment Advisors Inc. raised its position in shares of Invesco S&P 500 Top 50 ETF by 3.7% during the 4th quarter. Dana Investment Advisors Inc. now owns 49,081 shares of the company’s stock worth $2,452,000 after purchasing an additional 1,761 shares during the last quarter. Assetmark Inc. raised its position in shares of Invesco S&P 500 Top 50 ETF by 24.6% during the 4th quarter. Assetmark Inc. now owns 2,948 shares of the company’s stock worth $147,000 after purchasing an additional 582 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $268,000. Steward Partners Investment Advisory LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 12.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 166,038 shares of the company’s stock worth $8,295,000 after purchasing an additional 17,880 shares during the last quarter. Finally, Financial Services Advisory Inc raised its position in shares of Invesco S&P 500 Top 50 ETF by 202.8% during the 4th quarter. Financial Services Advisory Inc now owns 101,196 shares of the company’s stock worth $5,056,000 after purchasing an additional 67,776 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of Invesco S&P 500 Top 50 ETF stock opened at $47.93 on Friday. The business has a 50 day moving average price of $50.35 and a 200 day moving average price of $49.04. The company has a market capitalization of $8.62 billion, a P/E ratio of 29.57 and a beta of 1.01. Invesco S&P 500 Top 50 ETF has a 1 year low of $39.75 and a 1 year high of $51.80.

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.