Migdal Insurance & Financial Holdings Ltd. Has $6.59 Million Position in Invesco S&P 500 Top 50 ETF $XLG

Migdal Insurance & Financial Holdings Ltd. raised its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 1,942.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,148 shares of the company’s stock after purchasing an additional 105,705 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Invesco S&P 500 Top 50 ETF were worth $6,589,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. PFG Advisors increased its stake in shares of Invesco S&P 500 Top 50 ETF by 23.5% in the fourth quarter. PFG Advisors now owns 258,331 shares of the company’s stock valued at $15,314,000 after buying an additional 49,165 shares during the period. Portus Wealth Advisors LLC boosted its position in Invesco S&P 500 Top 50 ETF by 1.4% during the 4th quarter. Portus Wealth Advisors LLC now owns 49,758 shares of the company’s stock worth $2,950,000 after buying an additional 705 shares during the period. Smith Salley Wealth Management grew its holdings in Invesco S&P 500 Top 50 ETF by 2.8% during the 4th quarter. Smith Salley Wealth Management now owns 7,779 shares of the company’s stock worth $461,000 after acquiring an additional 212 shares during the last quarter. Godsey & Gibb Inc. bought a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $30,000. Finally, Horst & Graben Wealth Management LLC increased its position in Invesco S&P 500 Top 50 ETF by 4.4% in the 4th quarter. Horst & Graben Wealth Management LLC now owns 421,968 shares of the company’s stock valued at $25,021,000 after acquiring an additional 17,612 shares during the period.

Invesco S&P 500 Top 50 ETF Stock Performance

XLG stock opened at $59.48 on Wednesday. The company has a fifty day moving average price of $56.62 and a 200-day moving average price of $58.07. The company has a market capitalization of $10.50 billion, a P/E ratio of 27.80 and a beta of 1.05. Invesco S&P 500 Top 50 ETF has a 52-week low of $42.55 and a 52-week 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. 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.