Sanctuary Advisors LLC Increases Stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Sanctuary Advisors LLC raised its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 105.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 211,233 shares of the company’s stock after purchasing an additional 108,385 shares during the period. Sanctuary Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $10,767,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XLG. Abound Wealth Management purchased a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at $30,000. Hager Investment Management Services LLC purchased a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at $30,000. Decker Retirement Planning Inc. purchased a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at $34,000. Concord Wealth Partners purchased a new position in Invesco S&P 500 Top 50 ETF in the 3rd quarter valued at $47,000. Finally, Golden State Wealth Management LLC purchased a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at $58,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of XLG stock opened at $51.55 on Wednesday. The stock’s fifty day moving average is $50.75 and its two-hundred day moving average is $48.57. The firm has a market capitalization of $5.03 billion, a P/E ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $39.75 and a fifty-two week high of $51.80.

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.