Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Sees Strong Trading Volume – Here’s What Happened

Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) saw an uptick in trading volume on Friday . 3,422,828 shares were traded during mid-day trading, a decline of 15% from the previous session’s volume of 4,033,422 shares.The stock last traded at $57.3410 and had previously closed at $57.17.

Invesco S&P 500 Top 50 ETF Stock Performance

The company’s 50-day moving average is $58.72 and its 200-day moving average is $57.87. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 27.80 and a beta of 1.03.

Institutional Trading of Invesco S&P 500 Top 50 ETF

Hedge funds have recently modified their holdings of the stock. Curtis Advisory Group LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 0.5% in the third quarter. Curtis Advisory Group LLC now owns 35,966 shares of the company’s stock valued at $2,069,000 after purchasing an additional 171 shares in the last quarter. Great Diamond Partners LLC boosted its position in Invesco S&P 500 Top 50 ETF by 1.0% in the 4th quarter. Great Diamond Partners LLC now owns 18,199 shares of the company’s stock valued at $1,079,000 after buying an additional 175 shares during the last quarter. Rothschild Investment LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 18.0% in the 3rd quarter. Rothschild Investment LLC now owns 1,180 shares of the company’s stock valued at $68,000 after buying an additional 180 shares during the period. Diversified Enterprises LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 0.5% in the 4th quarter. Diversified Enterprises LLC now owns 33,492 shares of the company’s stock valued at $1,985,000 after buying an additional 180 shares during the period. Finally, Horizon Wealth Management LLC raised its position in shares of Invesco S&P 500 Top 50 ETF by 1.0% during the fourth quarter. Horizon Wealth Management LLC now owns 19,032 shares of the company’s stock worth $1,128,000 after acquiring an additional 180 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.