PNC Financial Services Group Inc. Trims Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

PNC Financial Services Group Inc. lowered its position in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 31.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,480 shares of the company’s stock after selling 3,870 shares during the period. PNC Financial Services Group Inc.’s holdings in Invesco S&P 500 Top 50 ETF were worth $320,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Leo Wealth LLC acquired a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter worth about $3,747,000. MONECO Advisors LLC increased its holdings in shares of Invesco S&P 500 Top 50 ETF by 3.4% during the 4th quarter. MONECO Advisors LLC now owns 107,474 shares of the company’s stock valued at $4,054,000 after purchasing an additional 3,496 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Invesco S&P 500 Top 50 ETF by 5,426.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 934,951 shares of the company’s stock valued at $35,266,000 after purchasing an additional 918,032 shares during the period. Centaurus Financial Inc. boosted its holdings in Invesco S&P 500 Top 50 ETF by 2.6% during the fourth quarter. Centaurus Financial Inc. now owns 203,935 shares of the company’s stock worth $7,692,000 after buying an additional 5,098 shares in the last quarter. Finally, Napa Wealth Management acquired a new stake in Invesco S&P 500 Top 50 ETF during the fourth quarter valued at $1,150,000.

Invesco S&P 500 Top 50 ETF Stock Performance

Shares of Invesco S&P 500 Top 50 ETF stock opened at $45.75 on Friday. The firm has a 50-day simple moving average of $43.45 and a two-hundred day simple moving average of $41.22. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $32.74 and a fifty-two week high of $46.47. The company has a market cap of $4.46 billion, a P/E ratio of 2.92 and a beta of 1.08.

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.