Invesco Large Cap Growth ETF (NYSEARCA:PWB) Sees Strong Trading Volume – Here’s Why

Invesco Large Cap Growth ETF (NYSEARCA:PWB) shares saw unusually-high trading volume on Friday. Approximately 281,731 shares changed hands during mid-day trading, an increase of 219% from the average daily volume of 88,396 shares. The stock last traded at $146.8450 and had previously closed at $154.44.

Invesco Large Cap Growth ETF Trading Down 4.4%

The company has a market cap of $2.52 billion, a price-to-earnings ratio of 40.15 and a beta of 1.22. The stock has a 50-day simple moving average of $157.58 and a 200-day simple moving average of $149.05.

Institutional Investors Weigh In On Invesco Large Cap Growth ETF

Institutional investors and hedge funds have recently modified their holdings of the business. World Investment Advisors acquired a new position in Invesco Large Cap Growth ETF during the 1st quarter worth $1,595,000. Greenleaf Trust acquired a new stake in shares of Invesco Large Cap Growth ETF in the 2nd quarter valued at $408,000. Private Advisor Group LLC grew its position in shares of Invesco Large Cap Growth ETF by 12.8% during the 1st quarter. Private Advisor Group LLC now owns 101,943 shares of the company’s stock worth $12,838,000 after buying an additional 11,606 shares during the period. Cetera Investment Advisers raised its position in shares of Invesco Large Cap Growth ETF by 23.1% in the 1st quarter. Cetera Investment Advisers now owns 66,501 shares of the company’s stock valued at $8,374,000 after acquiring an additional 12,478 shares during the period. Finally, IFP Advisors Inc acquired a new position in Invesco Large Cap Growth ETF in the second quarter valued at about $1,750,000.

Invesco Large Cap Growth ETF Company Profile

The Invesco Dynamic Large Cap Growth ETF (PWB) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that uses a multifactor selection methodology to select large-cap stocks with growth characteristics. PWB was launched on Mar 3, 2005 and is managed by Invesco.