LWM Advisory Services LLC Purchases New Shares in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

LWM Advisory Services LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 32,646 shares of the company’s stock, valued at approximately $1,231,000. Invesco S&P 500 Top 50 ETF accounts for approximately 1.1% of LWM Advisory Services LLC’s portfolio, making the stock its 20th largest holding.

Other large investors have also added to or reduced their stakes in the company. LPL Financial LLC grew its holdings in Invesco S&P 500 Top 50 ETF by 1,154.0% during the 3rd quarter. LPL Financial LLC now owns 4,598,014 shares of the company’s stock worth $156,149,000 after acquiring an additional 4,231,355 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Invesco S&P 500 Top 50 ETF by 2,249.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,918,023 shares of the company’s stock worth $65,132,000 after acquiring an additional 1,836,373 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its holdings in Invesco S&P 500 Top 50 ETF by 897.9% during the 3rd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 1,577,870 shares of the company’s stock worth $53,584,000 after acquiring an additional 1,419,748 shares in the last quarter. UBS Group AG grew its holdings in Invesco S&P 500 Top 50 ETF by 899.0% during the 3rd quarter. UBS Group AG now owns 1,522,981 shares of the company’s stock worth $51,720,000 after acquiring an additional 1,370,533 shares in the last quarter. Finally, One Capital Management LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 936.2% in the 3rd quarter. One Capital Management LLC now owns 1,074,824 shares of the company’s stock worth $36,501,000 after buying an additional 971,096 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of Invesco S&P 500 Top 50 ETF stock traded up $0.04 during trading hours on Monday, reaching $41.22. The company’s stock had a trading volume of 692,651 shares, compared to its average volume of 1,156,103. The company’s 50 day simple moving average is $41.40 and its 200 day simple moving average is $38.63. Invesco S&P 500 Top 50 ETF has a one year low of $31.07 and a one year high of $42.53. The stock has a market cap of $4.06 billion, a P/E ratio of 2.95 and a beta of 1.08.

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.