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

Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) shares saw strong trading volume on Wednesday . 5,420,271 shares were traded during trading, an increase of 209% from the previous session’s volume of 1,753,480 shares.The stock last traded at $50.86 and had previously closed at $51.21.

Invesco S&P 500 Top 50 ETF Stock Down 0.4 %

The company’s fifty day moving average price is $50.50 and its two-hundred day moving average price is $48.09. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 2.92 and a beta of 1.08.

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

Large investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 5.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 182,494 shares of the company’s stock worth $8,674,000 after purchasing an additional 8,687 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Invesco S&P 500 Top 50 ETF by 3.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 723,678 shares of the company’s stock worth $34,396,000 after buying an additional 24,527 shares during the period. Cetera Investment Advisers raised its stake in shares of Invesco S&P 500 Top 50 ETF by 37.9% during the second quarter. Cetera Investment Advisers now owns 251,440 shares of the company’s stock worth $11,503,000 after buying an additional 69,107 shares during the last quarter. Keystone Wealth Services LLC lifted its holdings in Invesco S&P 500 Top 50 ETF by 5.5% in the third quarter. Keystone Wealth Services LLC now owns 47,023 shares of the company’s stock valued at $2,235,000 after buying an additional 2,457 shares during the period. Finally, Claro Advisors LLC bought a new position in Invesco S&P 500 Top 50 ETF in the third quarter valued at approximately $422,000.

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.