Capstone Wealth Management Group LLC Trims Position in Invesco S&P 500 Top 50 ETF $XLG

Capstone Wealth Management Group LLC reduced its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 10.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 161,674 shares of the company’s stock after selling 19,187 shares during the period. Invesco S&P 500 Top 50 ETF accounts for 5.9% of Capstone Wealth Management Group LLC’s investment portfolio, making the stock its 10th largest holding. Capstone Wealth Management Group LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $9,584,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC grew its holdings in Invesco S&P 500 Top 50 ETF by 42.3% during the 1st quarter. Triad Wealth Partners LLC now owns 8,155 shares of the company’s stock valued at $445,000 after buying an additional 2,423 shares in the last quarter. Future Financial Wealth Managment LLC increased its stake in Invesco S&P 500 Top 50 ETF by 14.2% in the 1st quarter. Future Financial Wealth Managment LLC now owns 5,224 shares of the company’s stock worth $310,000 after acquiring an additional 648 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Invesco S&P 500 Top 50 ETF in the 4th quarter worth approximately $1,529,000. Rockefeller Capital Management L.P. raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 3.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 320,335 shares of the company’s stock worth $18,989,000 after acquiring an additional 11,961 shares in the last quarter. Finally, Green Ridge Wealth Planning LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $12,782,000.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA XLG opened at $61.76 on Monday. The company has a market capitalization of $10.88 billion, a P/E ratio of 27.80 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a one year low of $49.68 and a one year high of $64.77. The stock has a 50 day moving average price of $61.80 and a 200-day moving average price of $59.20.

Invesco S&P 500 Top 50 ETF Company 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. The Russell 3000 Index is an unmanaged capitalization-weighted index that offers investors access to the United States equity universe representing approximately 98% of the United States equity market.