Fortis Group Advisors LLC Sells 67,182 Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Fortis Group Advisors LLC lowered its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 32.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 140,663 shares of the company’s stock after selling 67,182 shares during the period. Invesco S&P 500 Top 50 ETF makes up 1.2% of Fortis Group Advisors LLC’s holdings, making the stock its 29th biggest holding. Fortis Group Advisors LLC owned 0.14% of Invesco S&P 500 Top 50 ETF worth $6,686,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Cetera Investment Advisers boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 37.9% in the 2nd quarter. Cetera Investment Advisers now owns 251,440 shares of the company’s stock valued at $11,503,000 after purchasing an additional 69,107 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of Invesco S&P 500 Top 50 ETF during the 1st quarter valued at $1,277,000. Keystone Wealth Services LLC increased its holdings in Invesco S&P 500 Top 50 ETF by 5.5% in the 3rd quarter. Keystone Wealth Services LLC now owns 47,023 shares of the company’s stock worth $2,235,000 after purchasing an additional 2,457 shares in the last quarter. Global Assets Advisory LLC bought a new position in Invesco S&P 500 Top 50 ETF in the first quarter valued at about $480,000. Finally, Avantax Advisory Services Inc. raised its position in Invesco S&P 500 Top 50 ETF by 45.4% in the first quarter. Avantax Advisory Services Inc. now owns 13,351 shares of the company’s stock valued at $562,000 after purchasing an additional 4,168 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of NYSEARCA:XLG remained flat at $48.53 during midday trading on Tuesday. The stock had a trading volume of 158,205 shares, compared to its average volume of 1,417,248. The business’s 50 day simple moving average is $46.71 and its 200-day simple moving average is $44.91. Invesco S&P 500 Top 50 ETF has a 52 week low of $32.74 and a 52 week high of $48.56. The firm has a market cap of $4.73 billion, a PE ratio of 2.92 and a beta of 1.08.

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.