Portus Wealth Advisors LLC Makes New $2.82 Million Investment in Invesco S&P 500 Top 50 ETF $XLG

Portus Wealth Advisors LLC bought a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 49,053 shares of the company’s stock, valued at approximately $2,822,000. Invesco S&P 500 Top 50 ETF comprises 2.8% of Portus Wealth Advisors LLC’s holdings, making the stock its 8th largest holding.

Other institutional investors also recently modified their holdings of the company. MCF Advisors LLC bought a new stake in Invesco S&P 500 Top 50 ETF during the third quarter worth $27,000. New Republic Capital LLC grew its stake in Invesco S&P 500 Top 50 ETF by 90.5% in the 3rd quarter. New Republic Capital LLC now owns 960 shares of the company’s stock valued at $55,000 after purchasing an additional 456 shares during the period. Reyes Financial Architecture Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF during the 3rd quarter valued at $55,000. CGC Financial Services LLC increased its position in shares of Invesco S&P 500 Top 50 ETF by 193.1% during the 3rd quarter. CGC Financial Services LLC now owns 1,026 shares of the company’s stock valued at $59,000 after purchasing an additional 676 shares during the last quarter. Finally, Transce3nd LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 36.8% during the 2nd quarter. Transce3nd LLC now owns 1,127 shares of the company’s stock worth $59,000 after purchasing an additional 303 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of NYSEARCA:XLG opened at $56.38 on Wednesday. The company’s 50-day moving average is $57.94 and its 200 day moving average is $58.16. The company has a market capitalization of $10.97 billion, a P/E ratio of 27.80 and a beta of 1.03. 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.

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.