Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) Reaches New 52-Week High – Should You Buy?

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLGGet Free Report)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $51.80 and last traded at $51.65, with a volume of 100275 shares changing hands. The stock had previously closed at $51.63.

Invesco S&P 500 Top 50 ETF Stock Performance

The business’s 50 day moving average price is $50.36 and its 200-day moving average price is $48.00. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08.

Institutional Investors Weigh In On Invesco S&P 500 Top 50 ETF

Several large investors have recently modified their holdings of the stock. Abound Wealth Management bought a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter worth about $30,000. Decker Retirement Planning Inc. bought a new position in shares of Invesco S&P 500 Top 50 ETF in the fourth quarter worth about $34,000. Concord Wealth Partners bought a new position in shares of Invesco S&P 500 Top 50 ETF in the third quarter worth about $47,000. Crews Bank & Trust acquired a new position in shares of Invesco S&P 500 Top 50 ETF during the fourth quarter worth approximately $87,000. Finally, Investors Research Corp grew its stake in shares of Invesco S&P 500 Top 50 ETF by 126.7% during the third quarter. Investors Research Corp now owns 1,909 shares of the company’s stock valued at $91,000 after purchasing an additional 1,067 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Company Profile

(Get Free Report)

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.

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