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

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $50.00 and last traded at $50.00, with a volume of 1963 shares. The stock had previously closed at $49.67.

Invesco S&P 500 Top 50 ETF Price Performance

The stock has a market capitalization of $4.83 billion, a PE ratio of 2.92 and a beta of 1.08. The business’s fifty day moving average price is $47.56 and its two-hundred day moving average price is $45.77.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Pineridge Advisors LLC purchased a new stake in Invesco S&P 500 Top 50 ETF during the second quarter worth $42,000. Concord Wealth Partners acquired a new stake in shares of Invesco S&P 500 Top 50 ETF during the 3rd quarter valued at about $47,000. International Assets Investment Management LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF in the 2nd quarter valued at about $73,000. Investors Research Corp raised its holdings in Invesco S&P 500 Top 50 ETF by 126.7% in the 3rd quarter. Investors Research Corp now owns 1,909 shares of the company’s stock worth $91,000 after purchasing an additional 1,067 shares during the period. Finally, First Personal Financial Services acquired a new stake in Invesco S&P 500 Top 50 ETF in the second quarter valued at approximately $97,000.

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.