Green Ridge Wealth Planning LLC Makes New $12.78 Million Investment in Invesco S&P 500 Top 50 ETF $XLG

Green Ridge Wealth Planning LLC bought a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 215,624 shares of the company’s stock, valued at approximately $12,782,000. Invesco S&P 500 Top 50 ETF makes up approximately 6.5% of Green Ridge Wealth Planning LLC’s investment portfolio, making the stock its 4th largest position. Green Ridge Wealth Planning LLC owned about 0.11% of Invesco S&P 500 Top 50 ETF as of its most recent SEC filing.

A number of other large investors have also modified their holdings of XLG. Johnson Financial Group Inc. lifted its holdings in Invesco S&P 500 Top 50 ETF by 17.5% in the third quarter. Johnson Financial Group Inc. now owns 2,045,865 shares of the company’s stock worth $117,678,000 after purchasing an additional 304,958 shares during the period. Sound Income Strategies LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 4,166.5% during the fourth quarter. Sound Income Strategies LLC now owns 35,753 shares of the company’s stock worth $2,104,000 after purchasing an additional 34,915 shares in the last quarter. Cypress Wealth Services LLC bought a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter worth approximately $650,000. Elevation Capital Advisory LLC lifted its position in Invesco S&P 500 Top 50 ETF by 26.1% in the fourth quarter. Elevation Capital Advisory LLC now owns 161,707 shares of the company’s stock worth $9,586,000 after purchasing an additional 33,420 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Invesco S&P 500 Top 50 ETF in the third quarter worth approximately $3,815,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG stock opened at $61.76 on Friday. Invesco S&P 500 Top 50 ETF has a 1 year low of $49.68 and a 1 year high of $64.77. The business’s fifty day moving average is $61.80 and its 200-day moving average is $59.20. The stock has a market cap of $10.88 billion, a PE ratio of 27.80 and a beta of 1.05.

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. The Russell 3000 Index is an unmanaged capitalization-weighted index that offers investors access to the United States equity universe representing approximately 98% of the United States equity market.