Advocacy Wealth Management Services LLC Raises Stock Position in Invesco S&P 500 Top 50 ETF $XLG

Advocacy Wealth Management Services LLC lifted its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 100.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 699,173 shares of the company’s stock after buying an additional 350,535 shares during the period. Invesco S&P 500 Top 50 ETF makes up 2.2% of Advocacy Wealth Management Services LLC’s investment portfolio, making the stock its 15th largest holding. Advocacy Wealth Management Services LLC owned about 0.38% of Invesco S&P 500 Top 50 ETF worth $36,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of XLG. Soundwatch Capital LLC acquired a new position in Invesco S&P 500 Top 50 ETF in the second quarter valued at $1,790,000. Invesco Ltd. boosted its position in shares of Invesco S&P 500 Top 50 ETF by 212.9% in the 1st quarter. Invesco Ltd. now owns 3,363,435 shares of the company’s stock valued at $154,785,000 after purchasing an additional 2,288,508 shares during the period. Principle Wealth Partners LLC grew its stake in Invesco S&P 500 Top 50 ETF by 85.0% during the 2nd quarter. Principle Wealth Partners LLC now owns 2,682,223 shares of the company’s stock worth $139,744,000 after buying an additional 1,232,337 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Invesco S&P 500 Top 50 ETF by 32.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,464,746 shares of the company’s stock worth $128,413,000 after buying an additional 597,737 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Invesco S&P 500 Top 50 ETF by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 2,464,075 shares of the company’s stock worth $128,378,000 after buying an additional 61,706 shares during the period.

Invesco S&P 500 Top 50 ETF Trading Up 0.5%

Shares of NYSEARCA XLG opened at $59.59 on Monday. The stock has a market cap of $11.46 billion, a P/E ratio of 27.80 and a beta of 1.03. Invesco S&P 500 Top 50 ETF has a twelve month low of $39.50 and a twelve month high of $60.63. The stock has a 50 day moving average of $58.33 and a two-hundred day moving average of $54.72.

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.