Gateway Wealth Partners LLC Takes Position in Invesco S&P 500 Top 50 ETF $XLG

Gateway Wealth Partners LLC purchased a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 59,280 shares of the company’s stock, valued at approximately $3,234,000.

A number of other large investors also recently modified their holdings of the company. Sound Income Strategies LLC increased its holdings in Invesco S&P 500 Top 50 ETF by 4,166.5% during the 4th quarter. Sound Income Strategies LLC now owns 35,753 shares of the company’s stock worth $2,104,000 after acquiring an additional 34,915 shares during the period. One Wealth Advisors LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 5.1% in the 4th quarter. One Wealth Advisors LLC now owns 343,632 shares of the company’s stock valued at $20,370,000 after purchasing an additional 16,819 shares during the period. Cypress Wealth Services LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter valued at $650,000. Elevation Capital Advisory LLC grew its position in shares of Invesco S&P 500 Top 50 ETF by 26.1% during the 4th quarter. Elevation Capital Advisory LLC now owns 161,707 shares of the company’s stock valued at $9,586,000 after purchasing an additional 33,420 shares in the last quarter. Finally, Ethos Capital Management Inc. purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter valued at $1,905,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Invesco S&P 500 Top 50 ETF stock opened at $59.78 on Tuesday. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $52.60 and a fifty-two week high of $64.77. The stock has a market cap of $10.44 billion, a P/E ratio of 27.80 and a beta of 1.06. The firm’s fifty day moving average price is $61.80 and its 200-day moving average price is $59.47.

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. The Russell 3000 Index is an unmanaged capitalization-weighted index that offers investors access to the United States equity universe representing approximately 98% of the United States equity market.