Fortis Capital Advisors LLC Takes Position in Invesco S&P 500 Top 50 ETF $XLG

Fortis Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 15,101 shares of the company’s stock, valued at approximately $869,000.

Several other large investors have also added to or reduced their stakes in XLG. CFS Investment Advisory Services LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 92.3% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 302,360 shares of the company’s stock worth $17,746,000 after purchasing an additional 145,096 shares in the last quarter. National Wealth Management Group LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the third quarter valued at about $385,000. Sovran Advisors LLC increased its position in shares of Invesco S&P 500 Top 50 ETF by 127.6% during the third quarter. Sovran Advisors LLC now owns 9,692 shares of the company’s stock valued at $578,000 after buying an additional 5,434 shares during the period. Cullen Frost Bankers Inc. raised its stake in Invesco S&P 500 Top 50 ETF by 2.3% in the third quarter. Cullen Frost Bankers Inc. now owns 22,841 shares of the company’s stock worth $1,314,000 after buying an additional 506 shares in the last quarter. Finally, PMG Wealth Management Inc. lifted its holdings in Invesco S&P 500 Top 50 ETF by 0.3% in the third quarter. PMG Wealth Management Inc. now owns 230,922 shares of the company’s stock worth $13,225,000 after buying an additional 594 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Performance

Invesco S&P 500 Top 50 ETF stock opened at $59.25 on Wednesday. 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. The stock’s 50 day simple moving average is $59.10 and its two-hundred day simple moving average is $57.31. The stock has a market cap of $11.56 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03.

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.