Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Shares Break Below 200 Day Moving Average – Time to Sell?

Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $60.70 and traded as low as $59.19. Invesco S&P 500 Top 50 ETF shares last traded at $59.23, with a volume of 4,149,585 shares trading hands.

Invesco S&P 500 Top 50 ETF Price Performance

The company’s fifty day simple moving average is $63.14 and its 200-day simple moving average is $60.71. The firm has a market capitalization of $11.17 billion, a PE ratio of 27.80 and a beta of 1.06.

Institutional Trading of Invesco S&P 500 Top 50 ETF

Several large investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC raised its stake in Invesco S&P 500 Top 50 ETF by 77.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 38,654 shares of the company’s stock worth $2,394,000 after acquiring an additional 16,813 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in Invesco S&P 500 Top 50 ETF by 9.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 153,999 shares of the company’s stock worth $9,444,000 after acquiring an additional 12,814 shares during the period. Aspire Capital Advisors LLC lifted its position in Invesco S&P 500 Top 50 ETF by 17.3% during the 2nd quarter. Aspire Capital Advisors LLC now owns 94,434 shares of the company’s stock worth $5,782,000 after acquiring an additional 13,913 shares during the period. Modern Wealth Management LLC purchased a new stake in Invesco S&P 500 Top 50 ETF during the 1st quarter valued at about $1,475,000. Finally, Ameritas Advisory Services LLC purchased a new stake in Invesco S&P 500 Top 50 ETF during the 2nd quarter valued at about $9,532,000.

About Invesco S&P 500 Top 50 ETF

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) is an exchange-traded fund managed by Invesco Ltd. The fund seeks to provide investment results that generally correspond to the performance of the S&P 500 Top 50 Index, which is designed to track the 50 largest companies in the S&P 500 Index.

XLG provides focused exposure to large-cap U.S. equities across a range of industries, including information technology, consumer, health care, financial services and communications. Its holdings are generally weighted according to the methodology of the underlying index, giving investors access to many of the largest publicly traded companies in the United States through a single fund.

The fund began operations in 2005 and is listed on NYSE Arca.