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

Smith Shellnut Wilson LLC ADV purchased a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 49,314 shares of the company’s stock, valued at approximately $3,137,000. Invesco S&P 500 Top 50 ETF makes up 1.2% of Smith Shellnut Wilson LLC ADV’s portfolio, making the stock its 18th largest holding.

Several other large investors have also added to or reduced their stakes in the stock. Wavvest Wealth LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the 3rd quarter valued at about $317,000. Fifth Third Securities Inc. purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the third quarter valued at about $619,000. Hutchens & Kramer Investment Management Group LLC increased its position in shares of Invesco S&P 500 Top 50 ETF by 0.9% during the third quarter. Hutchens & Kramer Investment Management Group LLC now owns 65,226 shares of the company’s stock valued at $4,149,000 after buying an additional 581 shares during the period. IFC & Insurance Marketing Inc. increased its position in shares of Invesco S&P 500 Top 50 ETF by 3.1% during the third quarter. IFC & Insurance Marketing Inc. now owns 116,782 shares of the company’s stock valued at $7,434,000 after buying an additional 3,508 shares during the period. Finally, Cyr Financial Inc. raised its stake in Invesco S&P 500 Top 50 ETF by 7.6% in the third quarter. Cyr Financial Inc. now owns 287,091 shares of the company’s stock worth $18,262,000 after buying an additional 20,287 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

XLG stock opened at $63.85 on Thursday. Invesco S&P 500 Top 50 ETF has a 1 year low of $52.60 and a 1 year high of $65.26. The company has a market cap of $11.84 billion, a P/E ratio of 27.80 and a beta of 1.06. The firm has a 50-day moving average of $63.29 and a 200 day moving average of $61.97.

Invesco S&P 500 Top 50 ETF Company Profile

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.