United Advisor Group LLC Reduces Stock Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

United Advisor Group LLC lowered its stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 23.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 13,405 shares of the company’s stock after selling 4,169 shares during the quarter. United Advisor Group LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $617,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter valued at about $26,000. Millstone Evans Group LLC purchased a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter worth about $32,000. Transce3nd LLC bought a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter valued at approximately $47,000. Rothschild Investment LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $50,000. Finally, Kiker Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $50,000.

Invesco S&P 500 Top 50 ETF Stock Down 0.1%

XLG opened at $50.17 on Friday. Invesco S&P 500 Top 50 ETF has a 52 week low of $39.50 and a 52 week high of $51.80. The stock has a market cap of $9.03 billion, a PE ratio of 26.13 and a beta of 1.05. The business has a 50 day moving average of $47.66 and a 200-day moving average of $48.62.

Invesco S&P 500 Top 50 ETF 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.