Forvis Mazars Wealth Advisors LLC Acquires New Position in Invesco S&P 500 Top 50 ETF $XLG

Forvis Mazars Wealth Advisors LLC acquired a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the second quarter, Holdings Channel.com reports. The fund acquired 8,100 shares of the company’s stock, valued at approximately $422,000.

Other hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its stake in Invesco S&P 500 Top 50 ETF by 26.0% in the first quarter. Golden State Wealth Management LLC now owns 1,463 shares of the company’s stock valued at $67,000 after acquiring an additional 302 shares during the last quarter. Comprehensive Financial Planning Inc. PA increased its stake in Invesco S&P 500 Top 50 ETF by 25.4% in the first quarter. Comprehensive Financial Planning Inc. PA now owns 91,580 shares of the company’s stock valued at $4,215,000 after acquiring an additional 18,538 shares during the last quarter. IFP Advisors Inc increased its stake in Invesco S&P 500 Top 50 ETF by 79.6% in the first quarter. IFP Advisors Inc now owns 13,419 shares of the company’s stock valued at $618,000 after acquiring an additional 5,949 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Invesco S&P 500 Top 50 ETF by 8.8% in the first quarter. PNC Financial Services Group Inc. now owns 10,828 shares of the company’s stock valued at $498,000 after acquiring an additional 878 shares during the last quarter. Finally, Nwam LLC bought a new position in Invesco S&P 500 Top 50 ETF in the first quarter valued at approximately $477,000.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of NYSEARCA:XLG opened at $58.19 on Tuesday. The company’s 50 day simple moving average is $56.37 and its 200 day simple moving average is $51.83. The stock has a market capitalization of $11.18 billion, a price-to-earnings ratio of 27.80 and a beta of 1.00. Invesco S&P 500 Top 50 ETF has a 1 year low of $39.50 and a 1 year high of $58.48.

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.