Avestar Capital LLC Increases Stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Avestar Capital LLC raised its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 0.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 190,527 shares of the company’s stock after purchasing an additional 1,430 shares during the period. Invesco S&P 500 Top 50 ETF accounts for approximately 0.8% of Avestar Capital LLC’s portfolio, making the stock its 19th biggest holding. Avestar Capital LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $9,519,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Abound Wealth Management purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth $30,000. Hager Investment Management Services LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth $30,000. Decker Retirement Planning Inc. purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth $34,000. Concord Wealth Partners purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 3rd quarter worth $47,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth $58,000.

Invesco S&P 500 Top 50 ETF Stock Down 0.2 %

NYSEARCA XLG opened at $50.94 on Thursday. Invesco S&P 500 Top 50 ETF has a 52 week low of $39.75 and a 52 week high of $51.80. The business’s fifty day simple moving average is $50.70 and its 200-day simple moving average is $48.39. The firm has a market cap of $4.97 billion, a PE ratio of 2.92 and a beta of 1.08.

Invesco S&P 500 Top 50 ETF 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.