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

Shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) reached 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 Down 0.3 %

The stock has a market cap of $5.02 billion, a P/E ratio of 2.92 and a beta of 1.08. The business has a 50-day simple moving average of $50.36 and a 200-day simple moving average of $48.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Means Investment CO. Inc. bought a new position in shares of Invesco S&P 500 Top 50 ETF during the 4th quarter worth about $5,182,000. KPP Advisory Services LLC grew its position in Invesco S&P 500 Top 50 ETF by 4.4% during the fourth quarter. KPP Advisory Services LLC now owns 167,776 shares of the company’s stock worth $8,382,000 after buying an additional 6,997 shares in the last quarter. GPS Wealth Strategies Group LLC increased its stake in Invesco S&P 500 Top 50 ETF by 8.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,174,985 shares of the company’s stock valued at $58,702,000 after acquiring an additional 89,392 shares during the period. U.S. Capital Wealth Advisors LLC raised its holdings in Invesco S&P 500 Top 50 ETF by 68.3% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 31,384 shares of the company’s stock valued at $1,568,000 after acquiring an additional 12,733 shares in the last quarter. Finally, SYM FINANCIAL Corp lifted its position in shares of Invesco S&P 500 Top 50 ETF by 97.5% in the 4th quarter. SYM FINANCIAL Corp now owns 2,172 shares of the company’s stock worth $109,000 after acquiring an additional 1,072 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.