Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) shares saw an uptick in trading volume on Tuesday . 2,323,065 shares traded hands 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 1.0%

The company has a market cap of $11.08 billion, a P/E ratio of 27.80 and a beta of 1.03. The company has a 50 day moving average price of $58.04 and a 200-day moving average price of $54.02.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in XLG. Vertex Planning Partners LLC boosted its position in Invesco S&P 500 Top 50 ETF by 101.8% in the third quarter. Vertex Planning Partners LLC now owns 169,614 shares of the company’s stock valued at $9,756,000 after buying an additional 85,572 shares in the last quarter. Apexium Financial LP raised its stake in shares of Invesco S&P 500 Top 50 ETF by 1.0% in the 3rd quarter. Apexium Financial LP now owns 560,842 shares of the company’s stock valued at $32,260,000 after purchasing an additional 5,345 shares during the period. OmniStar Financial Group Inc. boosted its holdings in Invesco S&P 500 Top 50 ETF by 5.8% during the third quarter. OmniStar Financial Group Inc. now owns 11,381 shares of the company’s stock worth $655,000 after purchasing an additional 619 shares during the last quarter. Keystone Financial Group increased its position in shares of Invesco S&P 500 Top 50 ETF by 64.6% during the 3rd quarter. Keystone Financial Group now owns 275,578 shares of the company’s stock worth $15,851,000 after purchasing an additional 108,163 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Invesco S&P 500 Top 50 ETF by 9.4% in the 3rd quarter. NewEdge Advisors LLC now owns 238,762 shares of the company’s stock valued at $13,734,000 after purchasing an additional 20,600 shares during the period.

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.