Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 3,422,828 shares traded hands 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 Up 0.3%
The firm has a market capitalization of $11.16 billion, a P/E ratio of 27.80 and a beta of 1.03. The stock has a fifty day moving average of $58.75 and a 200-day moving average of $57.81.
Hedge Funds Weigh In On Invesco S&P 500 Top 50 ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Birchbrook Inc. acquired a new position in Invesco S&P 500 Top 50 ETF in the 4th quarter worth about $27,000. Deutsche Bank AG acquired a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter worth approximately $27,000. MCF Advisors LLC bought a new stake in shares of Invesco S&P 500 Top 50 ETF in the 3rd quarter valued at $27,000. Group One Trading LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 100.9% during the fourth quarter. Group One Trading LLC now owns 507 shares of the company’s stock valued at $30,000 after purchasing an additional 57,871 shares during the period. Finally, Godsey & Gibb Inc. acquired a new stake in Invesco S&P 500 Top 50 ETF in the fourth quarter valued at approximately $30,000.
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. 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.
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