Invesco S&P 500 Top 50 ETF $XLG Stock: Principle Wealth Partners LLC Increases Stake

Principle Wealth Partners LLC boosted its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,609,727 shares of the company’s stock after acquiring an additional 16,768 shares during the period. Invesco S&P 500 Top 50 ETF accounts for 7.9% of Principle Wealth Partners LLC’s investment portfolio, making the stock its biggest holding. Principle Wealth Partners LLC owned approximately 1.39% of Invesco S&P 500 Top 50 ETF worth $166,005,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Birch Capital Management LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the second quarter valued at about $27,000. Caldwell Trust Co bought a new position in shares of Invesco S&P 500 Top 50 ETF in the third quarter worth about $31,000. Godsey & Gibb Inc. acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the 3rd quarter worth about $32,000. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the 3rd quarter worth about $52,000. Finally, Atlantic Private Wealth LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the 2nd quarter worth about $57,000.

Invesco S&P 500 Top 50 ETF Stock Down 5.0%

Shares of NYSEARCA:XLG opened at $59.23 on Friday. The business has a 50 day moving average price of $63.20 and a 200 day moving average price of $60.70. Invesco S&P 500 Top 50 ETF has a twelve month low of $52.60 and a twelve month high of $65.26. The company has a market cap of $11.09 billion, a price-to-earnings ratio of 27.80 and a beta of 1.06.

About Invesco S&P 500 Top 50 ETF

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.