Envestnet Asset Management Inc. Has $23.28 Million Stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Envestnet Asset Management Inc. decreased its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLGGet Rating) by 11.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 66,240 shares of the company’s stock after selling 8,164 shares during the period. Envestnet Asset Management Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $23,282,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. lifted its stake in Invesco S&P 500 Top 50 ETF by 57.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 25,687 shares of the company’s stock valued at $9,481,000 after buying an additional 9,399 shares during the period. Bogart Wealth LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 11.9% during the first quarter. Bogart Wealth LLC now owns 480 shares of the company’s stock worth $169,000 after purchasing an additional 51 shares during the period. Qube Research & Technologies Ltd raised its position in shares of Invesco S&P 500 Top 50 ETF by 40.1% during the fourth quarter. Qube Research & Technologies Ltd now owns 20,450 shares of the company’s stock worth $7,548,000 after purchasing an additional 5,856 shares during the period. Orion Portfolio Solutions LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth about $285,000. Finally, Columbia Advisory Partners LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 13.0% during the first quarter. Columbia Advisory Partners LLC now owns 20,420 shares of the company’s stock worth $7,177,000 after purchasing an additional 2,347 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Down 0.7 %

NYSEARCA XLG opened at $311.66 on Wednesday. The stock’s 50-day moving average is $297.61 and its 200-day moving average is $320.59. Invesco S&P 500 Top 50 ETF has a one year low of $275.57 and a one year high of $374.77.

About Invesco S&P 500 Top 50 ETF

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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.

Further Reading

Want to see what other hedge funds are holding XLG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Top 50 ETF (NYSEARCA:XLGGet Rating).

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