Avestar Capital LLC Raises Stock Position in Invesco S&P 500 Top 50 ETF $XLG

Avestar Capital LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 14.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 210,218 shares of the company’s stock after acquiring an additional 27,160 shares during the quarter. Invesco S&P 500 Top 50 ETF makes up about 0.7% of Avestar Capital LLC’s investment portfolio, making the stock its 21st biggest position. Avestar Capital LLC owned about 0.11% of Invesco S&P 500 Top 50 ETF worth $10,952,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in XLG. Soundwatch Capital LLC bought a new stake in Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at approximately $1,790,000. Invesco Ltd. grew its holdings in Invesco S&P 500 Top 50 ETF by 212.9% during the 1st quarter. Invesco Ltd. now owns 3,363,435 shares of the company’s stock valued at $154,785,000 after buying an additional 2,288,508 shares in the last quarter. Principle Wealth Partners LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 85.0% during the second quarter. Principle Wealth Partners LLC now owns 2,682,223 shares of the company’s stock valued at $139,744,000 after buying an additional 1,232,337 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Invesco S&P 500 Top 50 ETF by 32.0% during the second quarter. JPMorgan Chase & Co. now owns 2,464,746 shares of the company’s stock valued at $128,413,000 after buying an additional 597,737 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 2.6% in 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 in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of NYSEARCA:XLG opened at $59.74 on Friday. The firm has a market cap of $11.49 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03. The firm has a fifty day moving average price of $58.55 and a 200 day moving average price of $55.00. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $39.50 and a fifty-two week high of $60.63.

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.