Cedar Wealth Management LLC Has $24.86 Million Stock Position in Invesco S&P 500 Top 50 ETF $XLG

Cedar Wealth Management LLC increased its holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 2.3% in the second quarter, Holdings Channel.com reports. The firm owned 477,174 shares of the company’s stock after acquiring an additional 10,869 shares during the period. Invesco S&P 500 Top 50 ETF makes up approximately 8.4% of Cedar Wealth Management LLC’s investment portfolio, making the stock its 4th biggest position. Cedar Wealth Management LLC’s holdings in Invesco S&P 500 Top 50 ETF were worth $24,861,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Creative Planning lifted its stake in Invesco S&P 500 Top 50 ETF by 6.4% in the second quarter. Creative Planning now owns 35,057 shares of the company’s stock worth $1,826,000 after purchasing an additional 2,095 shares during the last quarter. Security Financial Services INC. purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the second quarter worth about $2,602,000. Client First Capital LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 0.8% in the 2nd quarter. Client First Capital LLC now owns 118,806 shares of the company’s stock valued at $6,190,000 after acquiring an additional 953 shares during the last quarter. Verus Capital Partners LLC purchased a new stake in Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at about $811,000. Finally, Nwam LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 42.5% during the 2nd quarter. Nwam LLC now owns 14,777 shares of the company’s stock valued at $796,000 after acquiring an additional 4,409 shares during the period.

Invesco S&P 500 Top 50 ETF Price Performance

Shares of Invesco S&P 500 Top 50 ETF stock opened at $58.65 on Friday. The business’s 50 day simple moving average is $57.99 and its two-hundred day simple moving average is $53.82. The stock has a market capitalization of $11.28 billion, a P/E ratio of 27.80 and a beta of 1.03. Invesco S&P 500 Top 50 ETF has a one year low of $39.50 and a one year high of $60.63.

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.