28-Mar-2024
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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 March 28, 2024, XLG stock price declined to $42.13 with 978,110 million shares trading.
XLG has a beta of 1.01, meaning it tends to be more sensitive to market movements. XLG has a correlation of 0.90 to the broad based SPY ETF.
XLG has a market cap of $4.12 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 +41.1%, while the SPY ETF gained +33.6%. In the last 3 month period, XLG beat the market returning +11.6%, while SPY returned +10.1%. However, in the most recent 2 weeks XLG has underperformed the stock market by returning +1.1%, while SPY returned +1.7%.
XLG support price is $41.86 and resistance is $42.52 (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.