Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 1,749,557 shares changed hands during trading, a decline of 38% from the previous session’s volume of 2,840,268 shares.The stock last traded at $62.32 and had previously closed at $62.88.
Invesco S&P 500 Top 50 ETF Stock Performance
The firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of 27.80 and a beta of 1.06. The firm’s 50-day moving average price is $61.35 and its two-hundred day moving average price is $59.81.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in XLG. Birchbrook Inc. acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter valued at $27,000. Deutsche Bank AG bought a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter valued at $27,000. Godsey & Gibb Inc. acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at $30,000. Group One Trading LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 100.9% in the 4th quarter. Group One Trading LLC now owns 507 shares of the company’s stock valued at $30,000 after buying an additional 57,871 shares during the period. Finally, Legacy Wealth Managment LLC ID acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter valued at $38,000.
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.
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