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

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

Invesco S&P 500 Top 50 ETF Stock Down 1.8 %

The business’s 50-day moving average is $47.64 and its two-hundred day moving average is $45.80. The company has a market capitalization of $4.73 billion, a P/E ratio of 2.92 and a beta of 1.08.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. LPL Financial LLC grew its stake in Invesco S&P 500 Top 50 ETF by 10.2% in the 3rd quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock valued at $379,264,000 after buying an additional 741,770 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Invesco S&P 500 Top 50 ETF by 20.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,305,381 shares of the company’s stock valued at $59,721,000 after purchasing an additional 223,301 shares in the last quarter. GPS Wealth Strategies Group LLC grew its position in shares of Invesco S&P 500 Top 50 ETF by 7.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 927,894 shares of the company’s stock valued at $42,451,000 after purchasing an additional 60,665 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 27.7% during the 3rd quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock valued at $43,982,000 after purchasing an additional 200,879 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in Invesco S&P 500 Top 50 ETF by 20.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 875,278 shares of the company’s stock worth $40,044,000 after purchasing an additional 151,025 shares in the last quarter.

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.