Invesco S&P 500 Top 50 ETF $XLG Stake Raised by Cedar Wealth Management LLC

Cedar Wealth Management LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 13.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 541,680 shares of the company’s stock after purchasing an additional 64,506 shares during the quarter. Invesco S&P 500 Top 50 ETF comprises about 9.5% of Cedar Wealth Management LLC’s investment portfolio, making the stock its 3rd largest position. Cedar Wealth Management LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $31,157,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. MCF Advisors LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the third quarter valued at about $27,000. Financial Gravity Companies Inc. acquired a new position in Invesco S&P 500 Top 50 ETF during the second quarter worth about $47,000. New Republic Capital LLC grew its position in Invesco S&P 500 Top 50 ETF by 90.5% during the third quarter. New Republic Capital LLC now owns 960 shares of the company’s stock worth $55,000 after buying an additional 456 shares during the period. Reyes Financial Architecture Inc. purchased a new position in Invesco S&P 500 Top 50 ETF in the third quarter valued at about $55,000. Finally, Transce3nd LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 36.8% during the 2nd quarter. Transce3nd LLC now owns 1,127 shares of the company’s stock valued at $59,000 after acquiring an additional 303 shares during the period.

Invesco S&P 500 Top 50 ETF Trading Down 1.1%

XLG stock opened at $56.59 on Friday. The firm has a 50 day moving average of $58.33 and a 200-day moving average of $58.02. The company has a market cap of $11.01 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03. Invesco S&P 500 Top 50 ETF has a 12-month low of $39.50 and a 12-month high of $60.63.

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. 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.