Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG – Get Free Report)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $50.10 and last traded at $50.10, with a volume of 142695 shares traded. The stock had previously closed at $49.77.
Invesco S&P 500 Top 50 ETF Stock Performance
The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08. The firm’s 50-day moving average price is $48.46 and its two-hundred day moving average price is $46.52.
Institutional Investors Weigh In On Invesco S&P 500 Top 50 ETF
A number of institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its position in shares of Invesco S&P 500 Top 50 ETF by 10.2% during the 3rd quarter. LPL Financial LLC now owns 7,979,467 shares of the company’s stock worth $379,264,000 after buying an additional 741,770 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 20.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,305,381 shares of the company’s stock valued at $59,721,000 after purchasing an additional 223,301 shares in the last quarter. GPS Wealth Strategies Group LLC grew its holdings in shares of Invesco S&P 500 Top 50 ETF by 7.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 927,894 shares of the company’s stock worth $42,451,000 after purchasing an additional 60,665 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Invesco S&P 500 Top 50 ETF by 27.7% during the 3rd quarter. HighTower Advisors LLC now owns 925,321 shares of the company’s stock worth $43,982,000 after purchasing an additional 200,879 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Invesco S&P 500 Top 50 ETF by 20.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 875,278 shares of the company’s stock valued at $40,044,000 after purchasing an additional 151,025 shares during the last quarter.
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.
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