Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Sets New 12-Month High – Here’s What Happened

Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $51.80 and last traded at $51.67, with a volume of 2508 shares changing hands. The stock had previously closed at $51.61.

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

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

Institutional Investors Weigh In On Invesco S&P 500 Top 50 ETF

Large investors have recently added to or reduced their stakes in the business. Novak & Powell Financial Services Inc. grew its stake in Invesco S&P 500 Top 50 ETF by 5.6% in the 4th quarter. Novak & Powell Financial Services Inc. now owns 5,672 shares of the company’s stock valued at $283,000 after buying an additional 300 shares during the last quarter. First Heartland Consultants Inc. grew its position in shares of Invesco S&P 500 Top 50 ETF by 16.6% in the fourth quarter. First Heartland Consultants Inc. now owns 11,436 shares of the company’s stock valued at $571,000 after purchasing an additional 1,629 shares during the last quarter. Two Sigma Investments LP grew its position in shares of Invesco S&P 500 Top 50 ETF by 48.0% in the fourth quarter. Two Sigma Investments LP now owns 1,065,550 shares of the company’s stock valued at $53,235,000 after purchasing an additional 345,350 shares during the last quarter. Snowden Capital Advisors LLC increased its stake in shares of Invesco S&P 500 Top 50 ETF by 129.8% during the fourth quarter. Snowden Capital Advisors LLC now owns 94,917 shares of the company’s stock worth $4,742,000 after purchasing an additional 53,608 shares during the period. Finally, Redwood Financial Network Corp acquired a new stake in Invesco S&P 500 Top 50 ETF during the 4th quarter worth approximately $206,000.

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.