XLG Stock Summary and Trading Ideas (Invesco S&P 500 Top 50 ETF | ARCA:XLG)

The Invesco S&P 500 Top 50 ETF (Fund) is based on the S&P 500 Top 50 Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is composed of 50 of the largest companies in the S&P 500 Index. The Fund and the Index are rebalanced annually.

Invesco S&P 500 Top 50 ETF trades on the ARCA stock market under the symbol XLG.

As of May 10, 2024, XLG stock price climbed to $42.29 with 1,020,262 million shares trading.

XLG has a beta of 1.04, meaning it tends to be more sensitive to market movements. XLG has a correlation of 0.91 to the broad based SPY ETF.

XLG has a market cap of $4.18 billion. This is considered a Mid Cap stock.

In the last 3 years, XLG stock traded as high as $42.53 and as low as $26.05.

XLG has outperformed the market in the last year with a price return of +33.6% while the SPY ETF gained +27.8%. However, in the short term, XLG had mixed performance relative to the market. It has underperformed in the last 3 months, returning +3.7% vs +4.2% return in SPY. But in the last 2 weeks, XLG shares have fared better than the market returning +2.7% compared to SPY +2.5%.

XLG support price is $41.75 and resistance is $42.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that XLG stock will trade within this expected range on the day.