UBS Group AG Has $110.31 Million Holdings in Invesco S&P 500 Top 50 ETF $XLG

UBS Group AG cut its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,860,745 shares of the company’s stock after selling 63,515 shares during the period. UBS Group AG’s holdings in Invesco S&P 500 Top 50 ETF were worth $110,305,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. High Point Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter worth approximately $121,000. Hobbs Wealth Management LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 1.2% in the 4th quarter. Hobbs Wealth Management LLC now owns 157,257 shares of the company’s stock worth $9,322,000 after buying an additional 1,938 shares in the last quarter. OMNI 360 Wealth Inc. raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 138.6% in the 4th quarter. OMNI 360 Wealth Inc. now owns 35,510 shares of the company’s stock worth $2,094,000 after buying an additional 20,629 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 29.7% in the 4th quarter. Concurrent Investment Advisors LLC now owns 202,337 shares of the company’s stock worth $11,995,000 after buying an additional 46,306 shares in the last quarter. Finally, Almanack Investment Partners LLC. acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter worth approximately $6,156,000.

Invesco S&P 500 Top 50 ETF Trading Up 0.7%

Shares of XLG opened at $61.30 on Friday. Invesco S&P 500 Top 50 ETF has a 1 year low of $45.82 and a 1 year high of $61.70. The stock has a 50 day simple moving average of $57.08 and a 200-day simple moving average of $58.20. The stock has a market cap of $10.80 billion, a PE ratio of 27.80 and a beta of 1.05.

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.