Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Reaches New 1-Year High – Here’s Why

Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) reached a new 52-week high during trading on Monday. The stock traded as high as $64.81 and last traded at $64.8240, with a volume of 590338 shares. The stock had previously closed at $64.25.

Invesco S&P 500 Top 50 ETF Trading Up 0.6%

The stock has a market capitalization of $11.88 billion, a P/E ratio of 27.80 and a beta of 1.06. The stock’s fifty day moving average price is $62.63 and its two-hundred day moving average price is $61.09.

Institutional Trading of Invesco S&P 500 Top 50 ETF

Institutional investors have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB bought a new position in shares of Invesco S&P 500 Top 50 ETF during the third quarter valued at about $545,000. Polaris Financial Partners bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the 3rd quarter valued at about $21,423,000. QRG Capital Management Inc. purchased a new stake in Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at about $213,000. Sequoia Financial Advisors LLC boosted its holdings in Invesco S&P 500 Top 50 ETF by 77.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 38,654 shares of the company’s stock valued at $2,394,000 after acquiring an additional 16,813 shares during the period. Finally, Integrated Wealth Concepts LLC grew its position in Invesco S&P 500 Top 50 ETF by 2.5% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 243,057 shares of the company’s stock worth $14,921,000 after acquiring an additional 5,890 shares during the last quarter.

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.