Hobbs Wealth Management LLC Boosts Stock Holdings in Invesco S&P 500 Top 50 ETF $XLG

Hobbs Wealth Management LLC grew its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 93.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 155,319 shares of the company’s stock after acquiring an additional 74,834 shares during the period. Invesco S&P 500 Top 50 ETF comprises about 7.5% of Hobbs Wealth Management LLC’s portfolio, making the stock its 5th largest holding. Hobbs Wealth Management LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $8,934,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of XLG. ELCO Management Co. LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 7.7% in the 3rd quarter. ELCO Management Co. LLC now owns 9,750 shares of the company’s stock worth $561,000 after acquiring an additional 700 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 6.5% during the third quarter. J.W. Cole Advisors Inc. now owns 54,807 shares of the company’s stock valued at $3,152,000 after purchasing an additional 3,353 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Invesco S&P 500 Top 50 ETF by 11.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,963,989 shares of the company’s stock valued at $112,969,000 after purchasing an additional 196,218 shares during the period. Ashton Thomas Private Wealth LLC boosted its position in shares of Invesco S&P 500 Top 50 ETF by 68.4% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 93,912 shares of the company’s stock valued at $5,402,000 after purchasing an additional 38,141 shares during the period. Finally, Physician Wealth Advisors Inc. increased its stake in Invesco S&P 500 Top 50 ETF by 116.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 401,671 shares of the company’s stock worth $23,104,000 after purchasing an additional 216,171 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Trading Down 0.8%

NYSEARCA XLG opened at $58.17 on Thursday. 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 $11.31 billion, a PE ratio of 27.80 and a beta of 1.03. The stock’s 50-day moving average price is $59.18 and its two-hundred day moving average price is $57.53.

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.