Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Free Report) by 30.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 358,964 shares of the company’s stock after purchasing an additional 84,243 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.37% of Invesco S&P 500 Top 50 ETF worth $16,423,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in XLG. Per Stirling Capital Management LLC. acquired a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at approximately $1,133,000. Connectus Wealth LLC acquired a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at $4,077,000. J.W. Cole Advisors Inc. acquired a new position in Invesco S&P 500 Top 50 ETF during the 1st quarter worth about $1,277,000. Global Assets Advisory LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the 1st quarter valued at about $480,000. Finally, Avantax Advisory Services Inc. increased its stake in shares of Invesco S&P 500 Top 50 ETF by 45.4% in the first quarter. Avantax Advisory Services Inc. now owns 13,351 shares of the company’s stock valued at $562,000 after buying an additional 4,168 shares during the period.
Invesco S&P 500 Top 50 ETF Trading Up 0.6 %
Shares of XLG stock opened at $47.53 on Tuesday. The stock has a 50-day moving average of $45.66 and a 200-day moving average of $44.26. Invesco S&P 500 Top 50 ETF has a 1-year low of $32.74 and a 1-year high of $47.99. The stock has a market cap of $4.63 billion, a price-to-earnings 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.
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