Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Sees Unusually-High Trading Volume – What’s Next?

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) saw an uptick in trading volume on Wednesday . 2,228,189 shares changed hands during trading, an increase of 11% from the previous session’s volume of 2,009,546 shares.The stock last traded at $51.44 and had previously closed at $51.55.

Invesco S&P 500 Top 50 ETF Trading Up 0.1 %

The company has a 50-day moving average of $50.75 and a 200-day moving average of $48.57. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in XLG. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at $26,000. Abound Wealth Management acquired a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter worth about $30,000. Hager Investment Management Services LLC purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter valued at about $30,000. Millstone Evans Group LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF in the 4th quarter valued at about $32,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter worth about $34,000.

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.