Clearview Wealth Advisors LLC Purchases New Shares in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Clearview Wealth Advisors LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) in the first quarter, Holdings Channel.com reports. The fund purchased 11,714 shares of the company’s stock, valued at approximately $539,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its holdings in Invesco S&P 500 Top 50 ETF by 130.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,505,947 shares of the company’s stock valued at $115,324,000 after purchasing an additional 1,417,535 shares in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in Invesco S&P 500 Top 50 ETF by 12.5% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 8,095 shares of the company’s stock valued at $373,000 after purchasing an additional 902 shares in the last quarter. Truist Financial Corp increased its stake in shares of Invesco S&P 500 Top 50 ETF by 1.5% in the 4th quarter. Truist Financial Corp now owns 29,649 shares of the company’s stock valued at $1,481,000 after buying an additional 426 shares during the period. US Bancorp DE increased its stake in shares of Invesco S&P 500 Top 50 ETF by 2.5% in the 4th quarter. US Bancorp DE now owns 24,549 shares of the company’s stock valued at $1,226,000 after buying an additional 610 shares during the period. Finally, Wolf Group Capital Advisors increased its stake in shares of Invesco S&P 500 Top 50 ETF by 792.5% in the 1st quarter. Wolf Group Capital Advisors now owns 318,090 shares of the company’s stock valued at $14,639,000 after buying an additional 282,448 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA XLG opened at $50.37 on Tuesday. The stock has a fifty day moving average of $47.88 and a 200-day moving average of $48.59. The stock has a market capitalization of $9.13 billion, a P/E ratio of 27.80 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a 52 week low of $39.50 and a 52 week high of $51.80.

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.