Physician Wealth Advisors Inc. Has $266,000 Stock Holdings in Invesco S&P 500 Top 50 ETF $XLG

Physician Wealth Advisors Inc. trimmed its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 98.8% in the first quarter, Holdings Channel.com reports. The firm owned 4,877 shares of the company’s stock after selling 407,158 shares during the period. Physician Wealth Advisors Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $266,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. lifted its holdings in Invesco S&P 500 Top 50 ETF by 17.5% in the third quarter. Johnson Financial Group Inc. now owns 2,045,865 shares of the company’s stock valued at $117,678,000 after buying an additional 304,958 shares during the period. Sound Income Strategies LLC boosted its stake in Invesco S&P 500 Top 50 ETF by 4,166.5% in the fourth quarter. Sound Income Strategies LLC now owns 35,753 shares of the company’s stock valued at $2,104,000 after acquiring an additional 34,915 shares during the last quarter. Cypress Wealth Services LLC acquired a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter worth $650,000. Elevation Capital Advisory LLC grew its holdings in Invesco S&P 500 Top 50 ETF by 26.1% during the 4th quarter. Elevation Capital Advisory LLC now owns 161,707 shares of the company’s stock worth $9,586,000 after acquiring an additional 33,420 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Invesco S&P 500 Top 50 ETF during the 3rd quarter worth $3,815,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of Invesco S&P 500 Top 50 ETF stock opened at $60.73 on Friday. The firm has a fifty day moving average of $62.10 and a two-hundred day moving average of $59.25. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of 27.80 and a beta of 1.06. Invesco S&P 500 Top 50 ETF has a 52 week low of $51.96 and a 52 week high of $64.77.

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.