Smith Shellnut Wilson LLC ADV Purchases New Shares in Invesco S&P 500 Top 50 ETF $XLG

Smith Shellnut Wilson LLC ADV purchased a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,314 shares of the company’s stock, valued at approximately $3,137,000. Invesco S&P 500 Top 50 ETF accounts for about 1.2% of Smith Shellnut Wilson LLC ADV’s investment portfolio, making the stock its 18th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. raised its holdings in Invesco S&P 500 Top 50 ETF by 2.7% in the first quarter. Johnson Financial Group Inc. now owns 2,071,676 shares of the company’s stock worth $113,010,000 after purchasing an additional 53,884 shares in the last quarter. Lido Advisors LLC lifted its position in Invesco S&P 500 Top 50 ETF by 6.2% during the first quarter. Lido Advisors LLC now owns 1,327,458 shares of the company’s stock valued at $72,413,000 after buying an additional 77,171 shares during the period. Bogart Wealth LLC lifted its position in Invesco S&P 500 Top 50 ETF by 2.3% during the first quarter. Bogart Wealth LLC now owns 1,099,124 shares of the company’s stock valued at $59,957,000 after buying an additional 24,787 shares during the period. Quattro Financial Advisors LLC lifted its position in Invesco S&P 500 Top 50 ETF by 42.8% during the third quarter. Quattro Financial Advisors LLC now owns 482,543 shares of the company’s stock valued at $30,695,000 after buying an additional 144,683 shares during the period. Finally, Kestra Advisory Services LLC grew its position in shares of Invesco S&P 500 Top 50 ETF by 3.2% in the 1st quarter. Kestra Advisory Services LLC now owns 485,942 shares of the company’s stock worth $26,508,000 after buying an additional 14,987 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

NYSEARCA:XLG opened at $63.85 on Thursday. The firm’s 50-day moving average price is $63.29 and its 200-day moving average price is $61.97. The company has a market capitalization of $11.84 billion, a PE ratio of 27.80 and a beta of 1.06. Invesco S&P 500 Top 50 ETF has a 1-year low of $52.60 and a 1-year high of $65.26.

About Invesco S&P 500 Top 50 ETF

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) is an exchange-traded fund managed by Invesco Ltd. The fund seeks to provide investment results that generally correspond to the performance of the S&P 500 Top 50 Index, which is designed to track the 50 largest companies in the S&P 500 Index.

XLG provides focused exposure to large-cap U.S. equities across a range of industries, including information technology, consumer, health care, financial services and communications. Its holdings are generally weighted according to the methodology of the underlying index, giving investors access to many of the largest publicly traded companies in the United States through a single fund.

The fund began operations in 2005 and is listed on NYSE Arca.