U.S. Capital Wealth Advisors LLC Boosts Holdings in Invesco S&P 500 Top 50 ETF $XLG

U.S. Capital Wealth Advisors LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 143.7% in the third quarter, Holdings Channel reports. The institutional investor owned 162,216 shares of the company’s stock after acquiring an additional 95,665 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $9,331,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. CW Advisors LLC bought a new position in Invesco S&P 500 Top 50 ETF in the 1st quarter worth $1,901,000. Kestra Advisory Services LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 29.0% during the 1st quarter. Kestra Advisory Services LLC now owns 216,575 shares of the company’s stock valued at $9,967,000 after buying an additional 48,676 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco S&P 500 Top 50 ETF by 225.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,720,414 shares of the company’s stock valued at $79,173,000 after acquiring an additional 1,192,557 shares during the period. Synovus Financial Corp increased its holdings in Invesco S&P 500 Top 50 ETF by 12.8% in the 1st quarter. Synovus Financial Corp now owns 10,574 shares of the company’s stock worth $487,000 after acquiring an additional 1,199 shares in the last quarter. Finally, Comerica Bank raised its stake in Invesco S&P 500 Top 50 ETF by 69.8% during the 1st quarter. Comerica Bank now owns 41,039 shares of the company’s stock worth $1,889,000 after acquiring an additional 16,864 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of NYSEARCA:XLG opened at $59.15 on Friday. The company has a market capitalization of $11.37 billion, a P/E ratio of 27.80 and a beta of 1.03. Invesco S&P 500 Top 50 ETF has a 1-year low of $39.50 and a 1-year high of $60.63. The firm’s 50 day simple moving average is $58.84 and its two-hundred day simple moving average is $55.71.

About Invesco S&P 500 Top 50 ETF

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.