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

Cedar Wealth Management LLC lifted its holdings in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 24.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 365,198 shares of the company’s stock after buying an additional 71,115 shares during the period. Invesco S&P 500 Top 50 ETF comprises 5.4% of Cedar Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding. Cedar Wealth Management LLC owned approximately 0.37% of Invesco S&P 500 Top 50 ETF worth $17,358,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Thrivent Financial for Lutherans lifted its holdings in Invesco S&P 500 Top 50 ETF by 22.0% in the third quarter. Thrivent Financial for Lutherans now owns 810,478 shares of the company’s stock valued at $38,522,000 after acquiring an additional 146,219 shares during the period. Claro Advisors LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the 3rd quarter valued at about $357,000. KPP Advisory Services LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 84.8% in the third quarter. KPP Advisory Services LLC now owns 160,779 shares of the company’s stock valued at $7,642,000 after purchasing an additional 73,760 shares during the period. RIA Advisory Group LLC purchased a new stake in Invesco S&P 500 Top 50 ETF during the third quarter worth about $3,702,000. Finally, OneDigital Investment Advisors LLC boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 20.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 283,179 shares of the company’s stock worth $13,460,000 after acquiring an additional 48,047 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Up 0.8 %

Shares of XLG stock opened at $49.19 on Wednesday. The business has a fifty day simple moving average of $47.89 and a 200-day simple moving average of $46.03. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $36.06 and a fifty-two week high of $49.92. The stock has a market cap of $4.80 billion, a P/E ratio of 2.92 and a beta of 1.08.

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.