Capital Wealth Alliance LLC Raises Stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Capital Wealth Alliance LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 23.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,473 shares of the company’s stock after purchasing an additional 5,653 shares during the quarter. Invesco S&P 500 Top 50 ETF accounts for about 0.8% of Capital Wealth Alliance LLC’s investment portfolio, making the stock its 26th largest holding. Capital Wealth Alliance LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,472,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 10.2% in the 3rd quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock worth $379,264,000 after acquiring an additional 741,770 shares during the period. GPS Wealth Strategies Group LLC lifted its holdings in Invesco S&P 500 Top 50 ETF by 8.2% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,174,985 shares of the company’s stock worth $58,702,000 after buying an additional 89,392 shares in the last quarter. Principle Wealth Partners LLC boosted its position in Invesco S&P 500 Top 50 ETF by 11.4% in the 4th quarter. Principle Wealth Partners LLC now owns 1,092,153 shares of the company’s stock valued at $54,564,000 after buying an additional 112,147 shares during the last quarter. HighTower Advisors LLC increased its position in shares of 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 acquiring an additional 200,879 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 69.7% in the third quarter. Raymond James & Associates now owns 816,880 shares of the company’s stock worth $38,826,000 after acquiring an additional 335,532 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Trading Up 0.8 %

Invesco S&P 500 Top 50 ETF stock opened at $51.00 on Tuesday. The stock has a 50 day moving average of $50.67 and a 200-day moving average of $48.30. The stock has a market cap of $4.97 billion, a P/E ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 52 week low of $39.75 and a 52 week high of $51.80.

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.