Bank Hapoalim BM Buys Shares of 266,000 Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Bank Hapoalim BM bought a new stake in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 266,000 shares of the company’s stock, valued at approximately $13,289,000. Invesco S&P 500 Top 50 ETF makes up 2.1% of Bank Hapoalim BM’s holdings, making the stock its 13th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in XLG. Creative Planning boosted its position in Invesco S&P 500 Top 50 ETF by 104.5% in the second quarter. Creative Planning now owns 29,007 shares of the company’s stock valued at $1,327,000 after buying an additional 14,820 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Invesco S&P 500 Top 50 ETF in the second quarter valued at approximately $289,000. WealthBridge Capital Management LLC acquired a new stake in Invesco S&P 500 Top 50 ETF in the third quarter valued at approximately $223,000. Brookstone Capital Management boosted its position in Invesco S&P 500 Top 50 ETF by 16.4% in the third quarter. Brookstone Capital Management now owns 91,675 shares of the company’s stock valued at $4,357,000 after buying an additional 12,908 shares in the last quarter. Finally, CWM LLC boosted its position in Invesco S&P 500 Top 50 ETF by 1.3% in the third quarter. CWM LLC now owns 32,777 shares of the company’s stock valued at $1,558,000 after buying an additional 436 shares in the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

XLG stock opened at $50.84 on Wednesday. The company has a fifty day moving average price of $50.56 and a 200-day moving average price of $48.16. The company has a market capitalization of $4.96 billion, a P/E ratio of 2.92 and a beta of 1.08. Invesco S&P 500 Top 50 ETF has a 52-week low of $39.75 and a 52-week high of $51.80.

Invesco S&P 500 Top 50 ETF 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.