Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Sees Strong Trading Volume – Still a Buy?

Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) saw unusually-high trading volume on Thursday . Approximately 2,499,145 shares changed hands during mid-day trading, an increase of 41% from the previous session’s volume of 1,768,537 shares.The stock last traded at $51.40 and had previously closed at $51.36.

Invesco S&P 500 Top 50 ETF Trading Down 0.3 %

The company’s 50 day moving average price is $50.30 and its two-hundred day moving average price is $47.97. The firm has a market cap of $5.02 billion, a PE ratio of 2.92 and a beta of 1.08.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. SteelPeak Wealth LLC boosted its stake in shares of Invesco S&P 500 Top 50 ETF by 1.8% in the third quarter. SteelPeak Wealth LLC now owns 12,511 shares of the company’s stock worth $595,000 after acquiring an additional 221 shares during the period. VitalStone Financial LLC lifted its holdings in shares of Invesco S&P 500 Top 50 ETF by 10.7% in the third quarter. VitalStone Financial LLC now owns 2,691 shares of the company’s stock worth $128,000 after buying an additional 260 shares in the last quarter. Valley Brook Capital Group Inc. boosted its position in shares of Invesco S&P 500 Top 50 ETF by 5.5% during the third quarter. Valley Brook Capital Group Inc. now owns 5,505 shares of the company’s stock worth $262,000 after acquiring an additional 285 shares during the last quarter. First Heartland Consultants Inc. increased its holdings in Invesco S&P 500 Top 50 ETF by 4.1% in the 3rd quarter. First Heartland Consultants Inc. now owns 9,807 shares of the company’s stock valued at $466,000 after acquiring an additional 382 shares during the last quarter. Finally, Cooper Financial Group grew its position in shares of Invesco S&P 500 Top 50 ETF by 8.8% during the fourth quarter. Cooper Financial Group now owns 4,901 shares of the company’s stock valued at $245,000 after purchasing an additional 398 shares in the last quarter.

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.