KPP Advisory Services LLC Raises Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

KPP Advisory Services LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 167,776 shares of the company’s stock after purchasing an additional 6,997 shares during the period. Invesco S&P 500 Top 50 ETF comprises about 2.0% of KPP Advisory Services LLC’s holdings, making the stock its 11th largest position. KPP Advisory Services LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $8,382,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in XLG. Creative Planning boosted its stake in Invesco S&P 500 Top 50 ETF by 104.5% during the 2nd quarter. Creative Planning now owns 29,007 shares of the company’s stock worth $1,327,000 after purchasing an additional 14,820 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the second quarter valued at about $289,000. Cetera Investment Advisers boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 37.9% during the second quarter. Cetera Investment Advisers now owns 251,440 shares of the company’s stock worth $11,503,000 after buying an additional 69,107 shares during the period. WealthBridge Capital Management LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the third quarter worth about $223,000. Finally, Smith Anglin Financial LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 5.5% during the third quarter. Smith Anglin Financial LLC now owns 33,854 shares of the company’s stock worth $1,609,000 after buying an additional 1,766 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Down 0.4 %

XLG opened at $50.79 on Monday. Invesco S&P 500 Top 50 ETF has a 52 week low of $38.82 and a 52 week high of $51.80. The business has a 50 day moving average price of $50.54 and a two-hundred day moving average price of $48.12. The company has a market cap of $4.95 billion, a PE ratio of 2.92 and a beta of 1.08.

About Invesco S&P 500 Top 50 ETF

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.