Maia Wealth LLC Buys 90,734 Shares of Invesco S&P 500 Top 50 ETF $XLG

Maia Wealth LLC boosted its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 116.6% in the third quarter, Holdings Channel reports. The fund owned 168,555 shares of the company’s stock after purchasing an additional 90,734 shares during the quarter. Invesco S&P 500 Top 50 ETF comprises 1.7% of Maia Wealth LLC’s investment portfolio, making the stock its 11th biggest holding. Maia Wealth LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $10,056,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. MCF Advisors LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 3rd quarter valued at about $27,000. Financial Gravity Companies Inc. purchased a new stake in Invesco S&P 500 Top 50 ETF in the 2nd quarter worth $47,000. New Republic Capital LLC boosted its stake in Invesco S&P 500 Top 50 ETF by 90.5% during the third quarter. New Republic Capital LLC now owns 960 shares of the company’s stock valued at $55,000 after buying an additional 456 shares during the last quarter. Reyes Financial Architecture Inc. purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the third quarter valued at $55,000. Finally, CGC Financial Services LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF by 193.1% in the 3rd quarter. CGC Financial Services LLC now owns 1,026 shares of the company’s stock worth $59,000 after buying an additional 676 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG stock opened at $55.76 on Friday. The stock’s 50 day simple moving average is $58.06 and its two-hundred day simple moving average is $58.10. Invesco S&P 500 Top 50 ETF has a 1 year low of $39.50 and a 1 year high of $60.63. The company has a market cap of $10.85 billion, a PE ratio of 27.80 and a beta of 1.03.

Invesco S&P 500 Top 50 ETF 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. 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.