U.S. Capital Wealth Advisors LLC Makes New Investment in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

U.S. Capital Wealth Advisors LLC bought a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 183,816 shares of the company’s stock, valued at approximately $6,934,000. U.S. Capital Wealth Advisors LLC owned about 0.27% of Invesco S&P 500 Top 50 ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of XLG. Brookstone Capital Management raised its stake in shares of Invesco S&P 500 Top 50 ETF by 583.7% in the third quarter. Brookstone Capital Management now owns 27,465 shares of the company’s stock worth $939,000 after acquiring an additional 23,448 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Invesco S&P 500 Top 50 ETF by 1,004.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 184,312 shares of the company’s stock worth $6,259,000 after purchasing an additional 167,623 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Invesco S&P 500 Top 50 ETF by 844.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 183,635 shares of the company’s stock worth $6,236,000 after buying an additional 164,193 shares in the last quarter. Raymond James & Associates lifted its holdings in Invesco S&P 500 Top 50 ETF by 1,116.2% during the 3rd quarter. Raymond James & Associates now owns 398,510 shares of the company’s stock worth $13,533,000 after buying an additional 365,742 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Invesco S&P 500 Top 50 ETF by 1,107.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 488,192 shares of the company’s stock valued at $16,579,000 after buying an additional 447,775 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Trading Up 1.7 %

Shares of NYSEARCA:XLG traded up $0.69 during trading on Friday, hitting $41.63. 1,582,675 shares of the company’s stock were exchanged, compared to its average volume of 1,167,578. The firm has a 50-day moving average price of $41.43 and a two-hundred day moving average price of $38.81. Invesco S&P 500 Top 50 ETF has a 1-year low of $31.07 and a 1-year high of $42.53. The firm has a market cap of $4.06 billion, a P/E ratio of 2.92 and a beta of 1.08.

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.