Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Shares Acquired by Cedar Wealth Management LLC

Cedar Wealth Management LLC boosted its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 24.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 294,083 shares of the company’s stock after purchasing an additional 58,352 shares during the period. Invesco S&P 500 Top 50 ETF accounts for 4.4% of Cedar Wealth Management LLC’s investment portfolio, making the stock its 7th biggest holding. Cedar Wealth Management LLC owned 0.30% of Invesco S&P 500 Top 50 ETF worth $13,454,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Voisard Asset Management Group Inc. acquired a new stake in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $28,000. Pineridge Advisors LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the second quarter valued at $42,000. YHB Investment Advisors Inc. acquired a new stake in shares of Invesco S&P 500 Top 50 ETF during the 1st quarter worth approximately $59,000. International Assets Investment Management LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at $73,000. Finally, VitalStone Financial LLC lifted its stake in Invesco S&P 500 Top 50 ETF by 21.7% in the first quarter. VitalStone Financial LLC now owns 1,789 shares of the company’s stock valued at $75,000 after buying an additional 319 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Up 2.1 %

Shares of NYSEARCA XLG opened at $47.21 on Friday. Invesco S&P 500 Top 50 ETF has a twelve month low of $32.74 and a twelve month high of $47.99. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. The company’s fifty day moving average is $45.60 and its 200-day moving average is $43.97.

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.