Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Sees Large Volume Increase – Here’s Why

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) shares saw unusually-strong trading volume on Thursday . Approximately 2,499,145 shares were traded during trading, an increase of 41% from the previous session’s volume of 1,768,537 shares.The stock last traded at $51.40 and had previously closed at $51.36.

Invesco S&P 500 Top 50 ETF Trading Up 0.1 %

The firm has a 50 day moving average price of $50.26 and a two-hundred day moving average price of $47.94. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 81.7% during the second quarter. Renaissance Technologies LLC now owns 141,200 shares of the company’s stock valued at $6,460,000 after purchasing an additional 63,500 shares during the period. Blair William & Co. IL increased its stake in Invesco S&P 500 Top 50 ETF by 8.2% during the 2nd quarter. Blair William & Co. IL now owns 24,010 shares of the company’s stock worth $1,098,000 after buying an additional 1,820 shares during the period. AE Wealth Management LLC lifted its holdings in Invesco S&P 500 Top 50 ETF by 205.3% in the 2nd quarter. AE Wealth Management LLC now owns 29,805 shares of the company’s stock worth $1,364,000 after buying an additional 20,042 shares in the last quarter. Bank of Montreal Can boosted its position in Invesco S&P 500 Top 50 ETF by 4.4% in the 2nd quarter. Bank of Montreal Can now owns 57,019 shares of the company’s stock valued at $2,618,000 after buying an additional 2,425 shares during the last quarter. Finally, ELCO Management Co. LLC acquired a new stake in Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at approximately $403,000.

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.