Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Sets New 52-Week High – Here’s What Happened

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) reached a new 52-week high during trading on Thursday . The stock traded as high as $61.28 and last traded at $61.28, with a volume of 28389 shares trading hands. The stock had previously closed at $60.57.

Invesco S&P 500 Top 50 ETF Price Performance

The company’s 50 day moving average price is $57.01 and its 200 day moving average price is $58.19. The firm has a market cap of $10.63 billion, a PE ratio of 27.80 and a beta of 1.05.

Institutional Trading of Invesco S&P 500 Top 50 ETF

Hedge funds have recently added to or reduced their stakes in the company. Birchbrook Inc. acquired a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $27,000. Deutsche Bank AG acquired a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $27,000. MCF Advisors LLC acquired a new stake in Invesco S&P 500 Top 50 ETF in the third quarter valued at approximately $27,000. Group One Trading LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 100.9% in the fourth quarter. Group One Trading LLC now owns 507 shares of the company’s stock valued at $30,000 after acquiring an additional 57,871 shares in the last quarter. Finally, Godsey & Gibb Inc. acquired a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $30,000.

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.