Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $50.10 and last traded at $50.10, with a volume of 142695 shares traded. The stock had previously closed at $49.77.
Invesco S&P 500 Top 50 ETF Stock Performance
The company has a market capitalization of $4.88 billion, a PE ratio of 2.92 and a beta of 1.08. The company’s 50-day simple moving average is $48.34 and its 200-day simple moving average is $46.43.
Institutional Trading of Invesco S&P 500 Top 50 ETF
Several hedge funds have recently made changes to their positions in XLG. LPL Financial LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 10.2% in the 3rd quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock worth $379,264,000 after acquiring an additional 741,770 shares during the period. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter worth $33,242,000. Thrivent Financial for Lutherans lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 868.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 664,259 shares of the company’s stock worth $30,389,000 after acquiring an additional 595,661 shares during the period. Bricktown Capital LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter worth $27,172,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 4,253.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 601,146 shares of the company’s stock worth $27,502,000 after acquiring an additional 587,337 shares during the period.
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.
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