MONECO Advisors LLC Grows Stock Position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

MONECO Advisors LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 46.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,950 shares of the company’s stock after buying an additional 5,061 shares during the quarter. MONECO Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Per Stirling Capital Management LLC. purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter worth about $1,133,000. Spire Wealth Management raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 9.9% in the 4th quarter. Spire Wealth Management now owns 5,666 shares of the company’s stock worth $220,000 after purchasing an additional 511 shares during the period. Assetmark Inc. raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 77.6% in the 4th quarter. Assetmark Inc. now owns 2,581 shares of the company’s stock worth $97,000 after purchasing an additional 1,128 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 21.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 223,298 shares of the company’s stock worth $8,423,000 after purchasing an additional 39,663 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter worth about $2,362,000.

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

Shares of Invesco S&P 500 Top 50 ETF stock traded up $0.19 during trading hours on Monday, reaching $46.31. The stock had a trading volume of 213,672 shares, compared to its average volume of 1,500,626. The firm has a 50 day simple moving average of $45.63 and a two-hundred day simple moving average of $43.10. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 1 year low of $32.74 and a 1 year high of $47.99.

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.