Oppenheimer & Co. Inc. Makes New $2.27 Million Investment in Invesco S&P 500 Top 50 ETF $XLG

Oppenheimer & Co. Inc. purchased a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 35,751 shares of the company’s stock, valued at approximately $2,274,000.

Other hedge funds have also recently made changes to their positions in the company. Johnson Financial Group Inc. grew its position in shares of Invesco S&P 500 Top 50 ETF by 2.7% in the 1st quarter. Johnson Financial Group Inc. now owns 2,071,676 shares of the company’s stock worth $113,010,000 after buying an additional 53,884 shares during the last quarter. Lido Advisors LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 6.2% in the 1st quarter. Lido Advisors LLC now owns 1,327,458 shares of the company’s stock valued at $72,413,000 after purchasing an additional 77,171 shares during the last quarter. Bogart Wealth LLC boosted its stake in Invesco S&P 500 Top 50 ETF by 2.3% in the 1st quarter. Bogart Wealth LLC now owns 1,099,124 shares of the company’s stock worth $59,957,000 after purchasing an additional 24,787 shares in the last quarter. Demars Financial Group LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 3.6% during the third quarter. Demars Financial Group LLC now owns 804,452 shares of the company’s stock valued at $51,171,000 after buying an additional 28,031 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in Invesco S&P 500 Top 50 ETF by 3.2% in the 1st quarter. Kestra Advisory Services LLC now owns 485,942 shares of the company’s stock worth $26,508,000 after buying an additional 14,987 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG opened at $61.47 on Friday. The company has a market capitalization of $11.53 billion, a P/E ratio of 27.80 and a beta of 1.06. The business’s 50-day moving average is $63.29 and its two-hundred day moving average is $60.66. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $52.60 and a fifty-two week high of $65.26.

Invesco S&P 500 Top 50 ETF Company Profile

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) is an exchange-traded fund managed by Invesco Ltd. The fund seeks to provide investment results that generally correspond to the performance of the S&P 500 Top 50 Index, which is designed to track the 50 largest companies in the S&P 500 Index.

XLG provides focused exposure to large-cap U.S. equities across a range of industries, including information technology, consumer, health care, financial services and communications. Its holdings are generally weighted according to the methodology of the underlying index, giving investors access to many of the largest publicly traded companies in the United States through a single fund.

The fund began operations in 2005 and is listed on NYSE Arca.