Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Get Free Report)’s stock price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $63.26 and traded as high as $63.43. Invesco S&P 500 Top 50 ETF shares last traded at $63.30, with a volume of 762,920 shares traded.
Invesco S&P 500 Top 50 ETF Stock Down 1.0%
The stock has a market capitalization of $11.78 billion, a PE ratio of 27.80 and a beta of 1.06. The company has a 50-day moving average of $63.30 and a 200 day moving average of $60.65.
Institutional Investors Weigh In On Invesco S&P 500 Top 50 ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in XLG. Johnson Financial Group Inc. raised its position in shares of Invesco S&P 500 Top 50 ETF by 2.7% in the first quarter. Johnson Financial Group Inc. now owns 2,071,676 shares of the company’s stock valued at $113,010,000 after buying an additional 53,884 shares during the last quarter. Lido Advisors LLC grew its stake in Invesco S&P 500 Top 50 ETF by 6.2% during the 1st quarter. Lido Advisors LLC now owns 1,327,458 shares of the company’s stock valued at $72,413,000 after acquiring an additional 77,171 shares in the last quarter. Bogart Wealth LLC grew its stake in Invesco S&P 500 Top 50 ETF by 2.3% during the 1st quarter. Bogart Wealth LLC now owns 1,099,124 shares of the company’s stock valued at $59,957,000 after acquiring an additional 24,787 shares in the last quarter. Demars Financial Group LLC grew its stake in Invesco S&P 500 Top 50 ETF by 3.6% during the 3rd quarter. Demars Financial Group LLC now owns 804,452 shares of the company’s stock valued at $51,171,000 after acquiring an additional 28,031 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 3.2% in the 1st quarter. Kestra Advisory Services LLC now owns 485,942 shares of the company’s stock valued at $26,508,000 after acquiring an additional 14,987 shares during the last quarter.
About Invesco S&P 500 Top 50 ETF
Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) is an exchange-traded fund managed by Invesco Ltd. The fund seeks to provide investment results that generally correspond to the performance of the S&P 500 Top 50 Index, which is designed to track the 50 largest companies in the S&P 500 Index.
XLG provides focused exposure to large-cap U.S. equities across a range of industries, including information technology, consumer, health care, financial services and communications. Its holdings are generally weighted according to the methodology of the underlying index, giving investors access to many of the largest publicly traded companies in the United States through a single fund.
The fund began operations in 2005 and is listed on NYSE Arca.
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