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

Portus Wealth Advisors LLC purchased a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 49,053 shares of the company’s stock, valued at approximately $2,822,000. Invesco S&P 500 Top 50 ETF makes up 2.8% of Portus Wealth Advisors LLC’s investment portfolio, making the stock its 8th biggest holding.

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

Invesco S&P 500 Top 50 ETF Trading Up 0.0%

Shares of Invesco S&P 500 Top 50 ETF stock opened at $56.38 on Wednesday. The company’s 50-day moving average price is $57.94 and its 200-day moving average price is $58.16. Invesco S&P 500 Top 50 ETF has a 12-month low of $39.50 and a 12-month high of $60.63. The company has a market cap of $10.97 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03.

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. 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.