Truist Financial Corp Reduces Holdings in Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG)

Truist Financial Corp trimmed its position in shares of Invesco S&P 500 Top 50 ETF (NYSEARCA:XLG) by 2.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,651 shares of the company’s stock after selling 650 shares during the quarter. Truist Financial Corp’s holdings in Invesco S&P 500 Top 50 ETF were worth $1,402,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Voisard Asset Management Group Inc. acquired a new position in Invesco S&P 500 Top 50 ETF during the fourth quarter worth $28,000. Pineridge Advisors LLC acquired a new position in Invesco S&P 500 Top 50 ETF during the second quarter worth $42,000. International Assets Investment Management LLC acquired a new position in Invesco S&P 500 Top 50 ETF during the second quarter worth $73,000. VitalStone Financial LLC boosted its stake in Invesco S&P 500 Top 50 ETF by 21.7% during the first quarter. VitalStone Financial LLC now owns 1,789 shares of the company’s stock worth $75,000 after buying an additional 319 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its stake in Invesco S&P 500 Top 50 ETF by 412.2% during the first quarter. Hazlett Burt & Watson Inc. now owns 1,926 shares of the company’s stock worth $81,000 after buying an additional 1,550 shares during the last quarter.

Invesco S&P 500 Top 50 ETF Stock Performance

NYSEARCA XLG opened at $47.96 on Friday. Invesco S&P 500 Top 50 ETF has a fifty-two week low of $32.74 and a fifty-two week high of $48.06. The stock’s fifty day moving average is $46.12 and its two-hundred day moving average is $44.60. The firm has a market capitalization of $4.68 billion, a P/E ratio of 2.92 and a beta of 1.08.

Invesco S&P 500 Top 50 ETF Company Profile

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.