Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Sees Large Volume Increase – Here’s Why

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) saw unusually-strong trading volume on Tuesday . Approximately 2,323,065 shares were traded during mid-day trading, an increase of 4% from the previous session’s volume of 2,234,793 shares.The stock last traded at $57.3980 and had previously closed at $58.22.

Invesco S&P 500 Top 50 ETF Stock Down 1.5%

The stock has a market cap of $10.96 billion, a PE ratio of 27.80 and a beta of 1.03. The stock has a fifty day moving average of $58.12 and a 200-day moving average of $54.14.

Hedge Funds Weigh In On Invesco S&P 500 Top 50 ETF

A number of large investors have recently bought and sold shares of the company. MCF Advisors LLC acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the third quarter worth about $27,000. SouthState Corp purchased a new stake in Invesco S&P 500 Top 50 ETF in the 1st quarter valued at approximately $28,000. Y.D. More Investments Ltd increased its position in Invesco S&P 500 Top 50 ETF by 149.2% during the 1st quarter. Y.D. More Investments Ltd now owns 648 shares of the company’s stock worth $30,000 after purchasing an additional 388 shares during the period. Harbor Asset Planning Inc. purchased a new position in shares of Invesco S&P 500 Top 50 ETF during the 2nd quarter worth approximately $31,000. Finally, LGT Financial Advisors LLC raised its stake in shares of Invesco S&P 500 Top 50 ETF by 248.5% during the 2nd quarter. LGT Financial Advisors LLC now owns 791 shares of the company’s stock worth $41,000 after buying an additional 564 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.