Maia Wealth LLC Has $7.88 Million Stake in Invesco S&P 500 Top 50 ETF $XLG

Maia Wealth LLC decreased its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 18.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 137,611 shares of the company’s stock after selling 30,944 shares during the quarter. Invesco S&P 500 Top 50 ETF makes up approximately 1.3% of Maia Wealth LLC’s holdings, making the stock its 15th largest position. Maia Wealth LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $7,877,000 at the end of the most recent reporting period.

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

Invesco S&P 500 Top 50 ETF Price Performance

Shares of XLG opened at $61.21 on Thursday. The company has a market capitalization of $10.78 billion, a PE ratio of 27.80 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a one year low of $49.68 and a one year high of $64.77. The company’s fifty day moving average price is $61.56 and its 200 day moving average price is $59.17.

Invesco S&P 500 Top 50 ETF Company 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.