Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Get Free Report) saw strong trading volume on Monday . 1,144,688 shares traded hands during trading, a decline of 15% from the previous session’s volume of 1,350,936 shares.The stock last traded at $42.50 and had previously closed at $44.05.
Invesco S&P 500 Top 50 ETF Stock Down 2.8 %
The firm has a market capitalization of $4.17 billion, a P/E ratio of 2.92 and a beta of 1.08. The business’s 50-day simple moving average is $45.55 and its 200 day simple moving average is $42.75.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its position in Invesco S&P 500 Top 50 ETF by 5,426.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 934,951 shares of the company’s stock valued at $35,266,000 after purchasing an additional 918,032 shares during the period. Redhawk Wealth Advisors Inc. bought a new position in Invesco S&P 500 Top 50 ETF in the second quarter worth about $33,242,000. Bricktown Capital LLC purchased a new stake in Invesco S&P 500 Top 50 ETF in the second quarter worth about $27,172,000. Wealth Enhancement Advisory Services LLC boosted its position in Invesco S&P 500 Top 50 ETF by 4,253.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 601,146 shares of the company’s stock valued at $27,502,000 after acquiring an additional 587,337 shares in the last quarter. Finally, Quattro Financial Advisors LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 1st quarter worth approximately $20,139,000.
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.
Read More
- Five stocks we like better than Invesco S&P 500 Top 50 ETF
- What is the Euro STOXX 50 Index?
- Arm Holdings: Does the 42% Drop Signal an AI Buying Opportunity?
- ESG Stocks, What Investors Should Know
- Texas Roadhouse Stampedes On EPS Beat as Comp Sales Surge 9.3%
- How to Effectively Use the MarketBeat Ratings Screener
- Why Warren Buffett Just Sold Half His Stake in Apple Stock
Receive News & Ratings for Invesco S&P 500 Top 50 ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Top 50 ETF and related companies with MarketBeat.com's FREE daily email newsletter.
