Fortis Group Advisors LLC Trims Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Fortis Group Advisors LLC lowered its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 32.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 140,663 shares of the company’s stock after selling 67,182 shares during the quarter. Invesco S&P 500 Top 50 ETF accounts for about 1.2% of Fortis Group Advisors LLC’s investment portfolio, making the stock its 29th largest position. Fortis Group Advisors LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $6,686,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XLG. Cetera Investment Advisers boosted its holdings in 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 worth $11,503,000 after buying an additional 69,107 shares during the period. J.W. Cole Advisors Inc. purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the first quarter valued at about $1,277,000. Keystone Wealth Services LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 5.5% in the third quarter. Keystone Wealth Services LLC now owns 47,023 shares of the company’s stock valued at $2,235,000 after acquiring an additional 2,457 shares in the last quarter. Global Assets Advisory LLC bought a new position in shares of Invesco S&P 500 Top 50 ETF in the first quarter worth about $480,000. Finally, Avantax Advisory Services Inc. grew its position in shares of Invesco S&P 500 Top 50 ETF by 45.4% during the first quarter. Avantax Advisory Services Inc. now owns 13,351 shares of the company’s stock worth $562,000 after purchasing an additional 4,168 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

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

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.