Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Sees Unusually-High Trading Volume – What’s Next?

Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) saw unusually-high trading volume on Wednesday . Approximately 5,420,271 shares were traded during mid-day trading, an increase of 209% from the previous session’s volume of 1,753,480 shares.The stock last traded at $50.86 and had previously closed at $51.21.

Invesco S&P 500 Top 50 ETF Price Performance

The company has a market capitalization of $4.96 billion, a P/E ratio of 2.92 and a beta of 1.08. The company’s 50-day moving average price is $50.43 and its two-hundred day moving average price is $48.05.

Hedge Funds Weigh In On Invesco S&P 500 Top 50 ETF

A number of large investors have recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in 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 valued at $379,264,000 after purchasing an additional 741,770 shares during the period. GPS Wealth Strategies Group LLC boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 8.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,174,985 shares of the company’s stock valued at $58,702,000 after buying an additional 89,392 shares during the period. Principle Wealth Partners LLC grew its position in Invesco S&P 500 Top 50 ETF by 11.4% during the fourth quarter. Principle Wealth Partners LLC now owns 1,092,153 shares of the company’s stock worth $54,564,000 after buying an additional 112,147 shares in the last quarter. HighTower Advisors LLC increased its stake in Invesco S&P 500 Top 50 ETF by 27.7% during the 3rd quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock worth $43,982,000 after acquiring an additional 200,879 shares during the period. Finally, Raymond James & Associates raised its holdings in Invesco S&P 500 Top 50 ETF by 69.7% in the 3rd quarter. Raymond James & Associates now owns 816,880 shares of the company’s stock valued at $38,826,000 after acquiring an additional 335,532 shares in the last quarter.

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.