Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Sets New 52-Week High – Here’s What Happened

Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) reached a new 52-week high on Thursday . The company traded as high as $61.28 and last traded at $61.28, with a volume of 28389 shares. The stock had previously closed at $60.57.

Invesco S&P 500 Top 50 ETF Stock Down 0.2%

The business’s fifty day simple moving average is $57.01 and its two-hundred day simple moving average is $58.19. The company has a market cap of $10.63 billion, a price-to-earnings ratio of 27.80 and a beta of 1.05.

Institutional Trading of Invesco S&P 500 Top 50 ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XLG. Jane Street Group LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 444.6% during the first quarter. Jane Street Group LLC now owns 182,870 shares of the company’s stock worth $8,416,000 after purchasing an additional 149,290 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Invesco S&P 500 Top 50 ETF by 151.8% during the second quarter. Russell Investments Group Ltd. now owns 1,536 shares of the company’s stock worth $80,000 after acquiring an additional 926 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the second quarter worth approximately $7,118,000. Qube Research & Technologies Ltd grew its position in shares of Invesco S&P 500 Top 50 ETF by 230.7% during the second quarter. Qube Research & Technologies Ltd now owns 9,629 shares of the company’s stock worth $502,000 after acquiring an additional 6,717 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its position in shares of Invesco S&P 500 Top 50 ETF by 98.2% during the second quarter. Main Street Financial Solutions LLC now owns 13,896 shares of the company’s stock worth $724,000 after acquiring an additional 6,886 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. The Russell 3000 Index is an unmanaged capitalization-weighted index that offers investors access to the United States equity universe representing approximately 98% of the United States equity market.