Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Sets New 52-Week Low – What’s Next?

Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) hit a new 52-week low during trading on Monday . The stock traded as low as $39.50 and last traded at $39.67, with a volume of 1856924 shares trading hands. The stock had previously closed at $41.57.

Invesco S&P 500 Top 50 ETF Trading Up 10.3 %

The company has a 50 day moving average of $48.12 and a 200 day moving average of $48.96. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of 26.47 and a beta of 1.01.

Invesco S&P 500 Top 50 ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.0915 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Trading of Invesco S&P 500 Top 50 ETF

Hedge funds have recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC bought a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $26,000. Abound Wealth Management bought a new stake in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth $30,000. Hager Investment Management Services LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter valued at $30,000. Millstone Evans Group LLC bought a new position in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter valued at about $32,000. Finally, Decker Retirement Planning Inc. acquired a new position in Invesco S&P 500 Top 50 ETF during the 4th quarter worth about $34,000.

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.