Wells Fargo & Company MN Buys 339,940 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Wells Fargo & Company MN increased its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,425,397 shares of the company’s stock after purchasing an additional 339,940 shares during the quarter. Wells Fargo & Company MN owned about 3.51% of Invesco S&P 500 Top 50 ETF worth $171,133,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of XLG. Smith Moore & CO. boosted its holdings in Invesco S&P 500 Top 50 ETF by 14.2% in the fourth quarter. Smith Moore & CO. now owns 7,825 shares of the company’s stock valued at $391,000 after acquiring an additional 975 shares during the last quarter. Thoroughbred Financial Services LLC boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 17.6% in the 4th quarter. Thoroughbred Financial Services LLC now owns 203,947 shares of the company’s stock valued at $10,189,000 after purchasing an additional 30,595 shares during the last quarter. Arete Wealth Advisors LLC grew its position in shares of Invesco S&P 500 Top 50 ETF by 98.1% during the 4th quarter. Arete Wealth Advisors LLC now owns 77,363 shares of the company’s stock worth $3,875,000 after buying an additional 38,315 shares during the period. Cannon Advisors Inc. grew its position in shares of Invesco S&P 500 Top 50 ETF by 10.8% during the 4th quarter. Cannon Advisors Inc. now owns 34,683 shares of the company’s stock worth $1,733,000 after buying an additional 3,369 shares during the period. Finally, National Wealth Management Group LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth approximately $237,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG stock opened at $41.57 on Friday. The firm’s 50 day moving average price is $48.70 and its two-hundred day moving average price is $49.08. Invesco S&P 500 Top 50 ETF has a 52-week low of $39.75 and a 52-week high of $51.80. The stock has a market cap of $7.22 billion, a PE ratio of 26.47 and a beta of 1.01.

Invesco S&P 500 Top 50 ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a $0.0915 dividend. The ex-dividend date was Monday, March 24th.

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.