HBW Advisory Services LLC Grows Stake in Invesco S&P 500 Top 50 ETF $XLG

HBW Advisory Services LLC grew its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 24.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 81,137 shares of the company’s stock after buying an additional 16,106 shares during the quarter. HBW Advisory Services LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $4,227,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 26.0% in the first quarter. Golden State Wealth Management LLC now owns 1,463 shares of the company’s stock valued at $67,000 after purchasing an additional 302 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 130.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,505,947 shares of the company’s stock valued at $115,324,000 after purchasing an additional 1,417,535 shares during the period. Kingswood Wealth Advisors LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 12.5% in the first quarter. Kingswood Wealth Advisors LLC now owns 8,095 shares of the company’s stock valued at $373,000 after purchasing an additional 902 shares during the period. Comprehensive Financial Planning Inc. PA raised its position in shares of Invesco S&P 500 Top 50 ETF by 25.4% in the first quarter. Comprehensive Financial Planning Inc. PA now owns 91,580 shares of the company’s stock valued at $4,215,000 after purchasing an additional 18,538 shares during the period. Finally, Wolf Group Capital Advisors raised its position in shares of Invesco S&P 500 Top 50 ETF by 792.5% in the first quarter. Wolf Group Capital Advisors now owns 318,090 shares of the company’s stock valued at $14,639,000 after purchasing an additional 282,448 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Up 0.4%

NYSEARCA XLG opened at $56.65 on Friday. The company’s 50 day moving average is $54.21 and its 200-day moving average is $49.87. Invesco S&P 500 Top 50 ETF has a 12-month low of $39.50 and a 12-month high of $56.75. The firm has a market cap of $10.37 billion, a P/E ratio of 27.80 and a beta of 1.00.

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.