Moller Wealth Partners Makes New $550,000 Investment in Invesco S&P 500 Top 50 ETF $XLG

Moller Wealth Partners purchased a new position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,645 shares of the company’s stock, valued at approximately $550,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC increased its position in Invesco S&P 500 Top 50 ETF by 9.1% in the second quarter. Concurrent Investment Advisors LLC now owns 153,999 shares of the company’s stock worth $9,444,000 after buying an additional 12,814 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 77.0% in the second quarter. Sequoia Financial Advisors LLC now owns 38,654 shares of the company’s stock valued at $2,394,000 after buying an additional 16,813 shares during the period. Aspire Capital Advisors LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 17.3% in the second quarter. Aspire Capital Advisors LLC now owns 94,434 shares of the company’s stock valued at $5,782,000 after buying an additional 13,913 shares during the period. Modern Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 1st quarter valued at $1,475,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at $9,532,000.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of NYSEARCA XLG opened at $63.88 on Friday. The stock has a market capitalization of $11.84 billion, a PE ratio of 27.80 and a beta of 1.06. Invesco S&P 500 Top 50 ETF has a one year low of $52.60 and a one year high of $65.26. The business’s fifty day moving average price is $63.26 and its 200-day moving average price is $61.71.

Invesco S&P 500 Top 50 ETF 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.