ShoreHaven Wealth Partners LLC Invests $3.86 Million in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

ShoreHaven Wealth Partners LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 102,442 shares of the company’s stock, valued at approximately $3,864,000. Invesco S&P 500 Top 50 ETF accounts for 2.4% of ShoreHaven Wealth Partners LLC’s portfolio, making the stock its 12th biggest holding. ShoreHaven Wealth Partners LLC owned 0.15% of Invesco S&P 500 Top 50 ETF at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in XLG. Private Trust Co. NA grew its position in Invesco S&P 500 Top 50 ETF by 6.9% during the fourth quarter. Private Trust Co. NA now owns 4,060 shares of the company’s stock worth $153,000 after buying an additional 261 shares during the period. Spire Wealth Management boosted its position in Invesco S&P 500 Top 50 ETF by 9.9% during the fourth quarter. Spire Wealth Management now owns 5,666 shares of the company’s stock worth $220,000 after purchasing an additional 511 shares in the last quarter. Financial Gravity Asset Management Inc. increased its position in shares of Invesco S&P 500 Top 50 ETF by 172.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 955 shares of the company’s stock valued at $32,000 after buying an additional 605 shares in the last quarter. Key Client Fiduciary Advisors LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 7.3% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 9,155 shares of the company’s stock worth $345,000 after buying an additional 620 shares during the last quarter. Finally, Capital Investment Advisory Services LLC boosted its position in shares of Invesco S&P 500 Top 50 ETF by 904.1% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 984 shares of the company’s stock worth $33,000 after buying an additional 886 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA XLG traded up $0.01 during trading hours on Wednesday, reaching $42.11. The company’s stock had a trading volume of 895,799 shares, compared to its average volume of 1,161,206. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $31.67 and a fifty-two week high of $42.53. The stock has a market cap of $4.11 billion, a PE ratio of 2.92 and a beta of 1.08. The company’s 50-day moving average is $41.47 and its two-hundred day moving average is $38.96.

Invesco S&P 500 Top 50 ETF Company 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.