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

Cedar Wealth Management LLC boosted its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 15.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 420,427 shares of the company’s stock after buying an additional 55,229 shares during the period. Invesco S&P 500 Top 50 ETF makes up approximately 7.6% of Cedar Wealth Management LLC’s investment portfolio, making the stock its 5th largest holding. Cedar Wealth Management LLC owned 0.43% of Invesco S&P 500 Top 50 ETF worth $21,005,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Halbert Hargrove Global Advisors LLC acquired a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter valued at $26,000. Abound Wealth Management purchased a new position in Invesco S&P 500 Top 50 ETF during the fourth quarter worth approximately $30,000. Hager Investment Management Services LLC acquired a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $30,000. Millstone Evans Group LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $32,000. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $34,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Invesco S&P 500 Top 50 ETF stock opened at $46.91 on Friday. The stock has a market capitalization of $8.20 billion, a P/E ratio of 26.40 and a beta of 1.01. The company’s fifty day moving average price is $49.61 and its 200 day moving average price is $49.05. Invesco S&P 500 Top 50 ETF has a 1 year low of $39.75 and a 1 year high of $51.80.

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.