Capstone Wealth Management Group LLC Grows Stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Capstone Wealth Management Group LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 17.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,657 shares of the company’s stock after purchasing an additional 16,452 shares during the quarter. Invesco S&P 500 Top 50 ETF makes up 3.0% of Capstone Wealth Management Group LLC’s portfolio, making the stock its 11th biggest holding. Capstone Wealth Management Group LLC owned approximately 0.11% of Invesco S&P 500 Top 50 ETF worth $5,578,000 as of its most recent SEC filing.

Other institutional investors have also 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 in the 4th quarter valued at $30,000. Concord Wealth Partners acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the 3rd quarter valued at about $47,000. Investors Research Corp lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 126.7% in the 3rd quarter. Investors Research Corp now owns 1,909 shares of the company’s stock valued at $91,000 after buying an additional 1,067 shares during the period. Centennial Bank AR acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at about $101,000. Finally, Assetmark Inc. raised its holdings in Invesco S&P 500 Top 50 ETF by 2,175.0% in the 3rd quarter. Assetmark Inc. now owns 2,366 shares of the company’s stock worth $112,000 after purchasing an additional 2,262 shares during the period.

Invesco S&P 500 Top 50 ETF Trading Down 0.4 %

NYSEARCA:XLG opened at $49.22 on Wednesday. Invesco S&P 500 Top 50 ETF has a 12 month low of $37.67 and a 12 month high of $51.76. The stock has a 50 day moving average of $50.14 and a two-hundred day moving average of $47.79. The firm has a market cap of $4.80 billion, a P/E ratio of 2.92 and a beta of 1.08.

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.