Almanack Investment Partners LLC. Invests $6.16 Million in Invesco S&P 500 Top 50 ETF $XLG

Almanack Investment Partners LLC. acquired a new position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 103,851 shares of the company’s stock, valued at approximately $6,156,000. Invesco S&P 500 Top 50 ETF makes up about 1.0% of Almanack Investment Partners LLC.’s investment portfolio, making the stock its 17th biggest position. Almanack Investment Partners LLC. owned about 0.05% of Invesco S&P 500 Top 50 ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Compass Ion Advisors LLC boosted its position in shares of Invesco S&P 500 Top 50 ETF by 10.3% during the 4th quarter. Compass Ion Advisors LLC now owns 37,208 shares of the company’s stock worth $2,206,000 after purchasing an additional 3,485 shares in the last quarter. NBC Securities Inc. boosted its position in shares of Invesco S&P 500 Top 50 ETF by 1.1% during the 4th quarter. NBC Securities Inc. now owns 34,700 shares of the company’s stock worth $2,057,000 after purchasing an additional 375 shares in the last quarter. Diversified Enterprises LLC boosted its position in shares of Invesco S&P 500 Top 50 ETF by 0.5% during the 4th quarter. Diversified Enterprises LLC now owns 33,492 shares of the company’s stock worth $1,985,000 after purchasing an additional 180 shares in the last quarter. Kingswood Wealth Advisors LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 4.9% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 5,531 shares of the company’s stock worth $328,000 after acquiring an additional 258 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 1,942.0% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 111,148 shares of the company’s stock worth $6,589,000 after acquiring an additional 105,705 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Price Performance

XLG opened at $60.63 on Friday. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $44.69 and a fifty-two week high of $60.66. The firm has a market capitalization of $10.67 billion, a PE ratio of 27.80 and a beta of 1.05. The company’s 50-day moving average is $56.80 and its 200 day moving average is $58.12.

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. 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.