Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Sees Large Volume Increase

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) shares saw unusually-strong trading volume on Monday . Approximately 5,135,636 shares changed hands during trading, an increase of 265% from the previous session’s volume of 1,406,261 shares.The stock last traded at $44.22 and had previously closed at $43.94.

Invesco S&P 500 Top 50 ETF Stock Performance

The company has a 50 day simple moving average of $45.51 and a two-hundred day simple moving average of $42.89. The firm has a market cap of $4.31 billion, a PE ratio of 2.92 and a beta of 1.08.

Institutional Trading of Invesco S&P 500 Top 50 ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter worth $2,362,000. Cerity Partners LLC purchased a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at $330,000. Perigon Wealth Management LLC grew its position in Invesco S&P 500 Top 50 ETF by 289.7% during the 4th quarter. Perigon Wealth Management LLC now owns 32,758 shares of the company’s stock worth $1,236,000 after purchasing an additional 24,353 shares during the period. Sigma Planning Corp raised its stake in shares of Invesco S&P 500 Top 50 ETF by 171.7% during the 4th quarter. Sigma Planning Corp now owns 89,920 shares of the company’s stock valued at $3,392,000 after buying an additional 56,830 shares during the last quarter. Finally, PSI Advisors LLC lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 53.5% in the 4th quarter. PSI Advisors LLC now owns 19,706 shares of the company’s stock valued at $743,000 after buying an additional 6,868 shares during the period.

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.