Cornerstone Wealth Group LLC Acquires 66,958 Shares of Invesco S&P 500 Top 50 ETF $XLG

Cornerstone Wealth Group LLC lifted its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 823.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,088 shares of the company’s stock after buying an additional 66,958 shares during the period. Cornerstone Wealth Group LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $4,466,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of XLG. LPL Financial LLC increased its position in shares of Invesco S&P 500 Top 50 ETF by 8.0% in the fourth quarter. LPL Financial LLC now owns 11,554,356 shares of the company’s stock valued at $684,942,000 after acquiring an additional 856,661 shares during the last quarter. Morgan Stanley boosted its position in Invesco S&P 500 Top 50 ETF by 2.1% during the fourth quarter. Morgan Stanley now owns 6,977,609 shares of the company’s stock valued at $413,633,000 after purchasing an additional 144,276 shares during the last quarter. Bank of America Corp DE boosted its position in Invesco S&P 500 Top 50 ETF by 7.4% during the third quarter. Bank of America Corp DE now owns 4,248,330 shares of the company’s stock valued at $244,364,000 after purchasing an additional 291,048 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Invesco S&P 500 Top 50 ETF by 1.4% during the fourth quarter. JPMorgan Chase & Co. now owns 3,841,051 shares of the company’s stock valued at $227,698,000 after purchasing an additional 54,449 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Invesco S&P 500 Top 50 ETF by 1.4% in the fourth quarter. Wells Fargo & Company MN now owns 3,812,317 shares of the company’s stock valued at $225,994,000 after purchasing an additional 52,644 shares in the last quarter.

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

NYSEARCA:XLG opened at $59.30 on Friday. The firm has a market capitalization of $10.44 billion, a price-to-earnings ratio of 27.80 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a twelve month low of $51.47 and a twelve month high of $64.77. The stock’s 50 day moving average price is $62.01 and its two-hundred day moving average price is $59.22.

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. 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.