Fortis Group Advisors LLC Has $9.51 Million Stock Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Fortis Group Advisors LLC cut its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 10.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 207,845 shares of the company’s stock after selling 23,353 shares during the quarter. Invesco S&P 500 Top 50 ETF makes up 1.9% of Fortis Group Advisors LLC’s portfolio, making the stock its 16th largest position. Fortis Group Advisors LLC owned 0.21% of Invesco S&P 500 Top 50 ETF worth $9,509,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its holdings in Invesco S&P 500 Top 50 ETF by 5,426.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 934,951 shares of the company’s stock worth $35,266,000 after buying an additional 918,032 shares during the last quarter. Redhawk Wealth Advisors Inc. bought a new stake in Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at approximately $33,242,000. Bricktown Capital LLC bought a new stake in Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at approximately $27,172,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Invesco S&P 500 Top 50 ETF by 4,253.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 601,146 shares of the company’s stock worth $27,502,000 after purchasing an additional 587,337 shares during the last quarter. Finally, Quattro Financial Advisors LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the 1st quarter worth approximately $20,139,000.

Invesco S&P 500 Top 50 ETF Trading Up 1.0 %

Shares of NYSEARCA:XLG traded up $0.48 during trading on Friday, hitting $46.51. 1,029,729 shares of the company were exchanged, compared to its average volume of 1,490,222. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $32.74 and a fifty-two week high of $47.99. The firm has a fifty day moving average price of $45.81 and a two-hundred day moving average price of $43.49.

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.