Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Reaches New 12-Month High – Here’s What Happened

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $48.88 and last traded at $48.88, with a volume of 327 shares. The stock had previously closed at $48.29.

Invesco S&P 500 Top 50 ETF Stock Performance

The firm has a 50 day simple moving average of $46.93 and a 200 day simple moving average of $45.06. The firm has a market cap of $4.77 billion, a P/E ratio of 2.92 and a beta of 1.08.

Institutional Trading of Invesco S&P 500 Top 50 ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of XLG. Pineridge Advisors LLC bought a new position in Invesco S&P 500 Top 50 ETF in the 2nd quarter worth about $42,000. Concord Wealth Partners bought a new position in shares of Invesco S&P 500 Top 50 ETF in the third quarter worth approximately $47,000. International Assets Investment Management LLC purchased a new stake in Invesco S&P 500 Top 50 ETF in the second quarter valued at approximately $73,000. VitalStone Financial LLC lifted its position in Invesco S&P 500 Top 50 ETF by 21.7% during the first quarter. VitalStone Financial LLC now owns 1,789 shares of the company’s stock valued at $75,000 after purchasing an additional 319 shares during the last quarter. Finally, First Personal Financial Services purchased a new position in Invesco S&P 500 Top 50 ETF in the 2nd quarter worth approximately $97,000.

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.