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 April 26, 2024, XLG stock price climbed to $41.18 with 936,860 million shares trading.

XLG has a beta of 1.05, 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 $4.01 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 return of +34.5%, while the SPY ETF gained +27.4%. In the last 3 month period, XLG beat the market returning +4.8%, while SPY returned +4.6%. However, in the most recent 2 weeks XLG has underperformed the stock market by returning -0.9%, while SPY returned -0.5%.

XLG support price is $40.09 and resistance is $40.97 (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.