Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Sees Unusually-High Trading Volume

Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) saw unusually-high trading volume on Monday . Approximately 1,144,688 shares were traded during mid-day trading, a decline of 15% from the previous session’s volume of 1,350,936 shares.The stock last traded at $42.50 and had previously closed at $44.05.

Invesco S&P 500 Top 50 ETF Trading Down 0.8 %

The business’s fifty day simple moving average is $45.51 and its two-hundred day simple moving average is $42.81. The stock has a market capitalization of $4.15 billion, a P/E ratio of 2.92 and a beta of 1.08.

Institutional Trading of Invesco S&P 500 Top 50 ETF

Several institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN grew its position in Invesco S&P 500 Top 50 ETF by 24.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,885,749 shares of the company’s stock valued at $71,130,000 after acquiring an additional 365,767 shares during the period. UBS Group AG grew its stake in shares of Invesco S&P 500 Top 50 ETF by 16.0% during the fourth quarter. UBS Group AG now owns 1,766,931 shares of the company’s stock valued at $66,649,000 after purchasing an additional 243,950 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Invesco S&P 500 Top 50 ETF by 20.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,305,381 shares of the company’s stock worth $59,721,000 after purchasing an additional 223,301 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Invesco S&P 500 Top 50 ETF by 5,426.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 934,951 shares of the company’s stock worth $35,266,000 after buying an additional 918,032 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC grew its holdings in Invesco S&P 500 Top 50 ETF by 7.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 927,894 shares of the company’s stock worth $42,451,000 after acquiring an additional 60,665 shares during the period.

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.