Sound Income Strategies LLC Boosts Position in Invesco S&P 500 Top 50 ETF $XLG

Sound Income Strategies LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 4,166.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,753 shares of the company’s stock after purchasing an additional 34,915 shares during the quarter. Sound Income Strategies LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $2,104,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC lifted its stake in Invesco S&P 500 Top 50 ETF by 284.4% in the third quarter. Belpointe Asset Management LLC now owns 20,364 shares of the company’s stock valued at $1,171,000 after buying an additional 15,067 shares during the last quarter. Aspire Capital Advisors LLC lifted its stake in Invesco S&P 500 Top 50 ETF by 55.1% in the third quarter. Aspire Capital Advisors LLC now owns 133,700 shares of the company’s stock valued at $7,690,000 after buying an additional 47,513 shares during the last quarter. Fortis Capital Advisors LLC purchased a new stake in Invesco S&P 500 Top 50 ETF in the third quarter valued at approximately $869,000. Retirement Planning Group LLC NY purchased a new stake in Invesco S&P 500 Top 50 ETF in the third quarter valued at approximately $533,000. Finally, Cannon Advisors Inc. lifted its stake in Invesco S&P 500 Top 50 ETF by 40.4% in the third quarter. Cannon Advisors Inc. now owns 29,829 shares of the company’s stock valued at $1,732,000 after buying an additional 8,584 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Trading Up 0.1%

Shares of NYSEARCA XLG opened at $55.23 on Wednesday. Invesco S&P 500 Top 50 ETF has a twelve month low of $40.27 and a twelve month high of $60.63. The stock has a 50 day moving average of $56.66 and a two-hundred day moving average of $58.00. The stock has a market cap of $9.89 billion, a P/E ratio of 27.80 and a beta of 1.04.

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. 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.