Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Reaches New 12-Month High – What’s Next?

Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $63.07 and last traded at $62.85, with a volume of 1034571 shares traded. The stock had previously closed at $62.90.

Invesco S&P 500 Top 50 ETF Stock Performance

The firm’s 50 day moving average price is $57.56 and its 200-day moving average price is $58.38. The firm has a market capitalization of $11.07 billion, a PE ratio of 27.80 and a beta of 1.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Curtis Advisory Group LLC lifted its stake in Invesco S&P 500 Top 50 ETF by 0.5% in the 3rd quarter. Curtis Advisory Group LLC now owns 35,966 shares of the company’s stock valued at $2,069,000 after buying an additional 171 shares in the last quarter. Great Diamond Partners LLC lifted its stake 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 in the last quarter. Rothschild Investment LLC lifted its stake in 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 in the last quarter. Diversified Enterprises LLC lifted its stake in 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 in the last quarter. Finally, Horizon Wealth Management LLC lifted its stake in Invesco S&P 500 Top 50 ETF by 1.0% in the 4th quarter. Horizon Wealth Management LLC now owns 19,032 shares of the company’s stock valued at $1,128,000 after buying an additional 180 shares in 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.