Capital Wealth Alliance LLC Acquires 437 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Capital Wealth Alliance LLC boosted its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,869 shares of the company’s stock after purchasing an additional 437 shares during the quarter. Invesco S&P 500 Top 50 ETF accounts for about 1.1% of Capital Wealth Alliance LLC’s portfolio, making the stock its 24th largest holding. Capital Wealth Alliance LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,916,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Wells Fargo & Company MN boosted its position in Invesco S&P 500 Top 50 ETF by 24.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,885,749 shares of the company’s stock valued at $71,130,000 after buying an additional 365,767 shares in the last quarter. UBS Group AG grew its holdings in Invesco S&P 500 Top 50 ETF by 16.0% during the 4th quarter. UBS Group AG now owns 1,766,931 shares of the company’s stock worth $66,649,000 after acquiring an additional 243,950 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Invesco S&P 500 Top 50 ETF by 20.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,305,381 shares of the company’s stock valued at $59,721,000 after acquiring an additional 223,301 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Invesco S&P 500 Top 50 ETF by 5,426.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 934,951 shares of the company’s stock worth $35,266,000 after purchasing an additional 918,032 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC raised its position in Invesco S&P 500 Top 50 ETF by 7.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 927,894 shares of the company’s stock worth $42,451,000 after purchasing an additional 60,665 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG traded up $0.52 during mid-day trading on Friday, reaching $46.69. 1,362,905 shares of the company were exchanged, compared to its average volume of 1,496,228. The stock has a market capitalization of $4.55 billion, a PE ratio of 2.92 and a beta of 1.08. The business has a 50 day simple moving average of $45.75 and a two-hundred day simple moving average of $43.24. Invesco S&P 500 Top 50 ETF has a 52 week low of $32.74 and a 52 week high of $47.99.

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.