C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 174,446 shares of the company’s stock, valued at approximately $8,715,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned about 0.18% of Invesco S&P 500 Top 50 ETF at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in XLG. LPL Financial LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 10.2% during the third quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock worth $379,264,000 after purchasing an additional 741,770 shares in the last quarter. Raymond James & Associates raised its holdings in Invesco S&P 500 Top 50 ETF by 69.7% during the third quarter. Raymond James & Associates now owns 816,880 shares of the company’s stock worth $38,826,000 after purchasing an additional 335,532 shares in the last quarter. Bank Hapoalim BM bought a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter worth approximately $13,289,000. HighTower Advisors LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 27.7% during the third quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock worth $43,982,000 after purchasing an additional 200,879 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in Invesco S&P 500 Top 50 ETF by 66.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 476,332 shares of the company’s stock worth $23,798,000 after purchasing an additional 190,180 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of NYSEARCA:XLG opened at $51.61 on Tuesday. Invesco S&P 500 Top 50 ETF has a 12 month low of $39.75 and a 12 month high of $51.80. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. The stock’s 50 day moving average price is $50.73 and its 200 day moving average price is $48.53.

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.