MONECO Advisors LLC Raises Stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

MONECO Advisors LLC increased its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 3.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 107,474 shares of the company’s stock after buying an additional 3,496 shares during the period. Invesco S&P 500 Top 50 ETF comprises approximately 0.8% of MONECO Advisors LLC’s holdings, making the stock its 26th largest position. MONECO Advisors LLC owned 0.16% of Invesco S&P 500 Top 50 ETF worth $4,054,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of XLG. Envestnet Asset Management Inc. raised its stake in Invesco S&P 500 Top 50 ETF by 820.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 500,195 shares of the company’s stock valued at $16,987,000 after purchasing an additional 445,878 shares during the period. Jackson Wealth Management LLC grew its position in Invesco S&P 500 Top 50 ETF by 949.7% in the third quarter. Jackson Wealth Management LLC now owns 134,764 shares of the company’s stock worth $4,577,000 after acquiring an additional 121,926 shares in the last quarter. Per Stirling Capital Management LLC. bought a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter valued at approximately $1,133,000. Hsbc Holdings PLC raised its holdings in Invesco S&P 500 Top 50 ETF by 9,033.3% during the 3rd quarter. Hsbc Holdings PLC now owns 137,000 shares of the company’s stock valued at $4,653,000 after buying an additional 135,500 shares during the period. Finally, Spire Wealth Management lifted its position in Invesco S&P 500 Top 50 ETF by 9.9% in the fourth quarter. Spire Wealth Management now owns 5,666 shares of the company’s stock worth $220,000 after buying an additional 511 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

XLG stock traded up $0.43 during mid-day trading on Monday, reaching $46.13. 1,065,645 shares of the stock traded hands, compared to its average volume of 1,236,623. The business has a 50-day moving average price of $42.51 and a two-hundred day moving average price of $40.60. The stock has a market capitalization of $4.50 billion, a PE ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a one year low of $32.74 and a one year high of $46.14.

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.