Invesco Large Cap Value ETF (NYSEARCA:PWV) Sees Large Volume Increase – Time to Buy?

Invesco Large Cap Value ETF (NYSEARCA:PWV) shares saw strong trading volume on Wednesday . 94,658 shares changed hands during mid-day trading, an increase of 120% from the previous session’s volume of 43,000 shares.The stock last traded at $57.01 and had previously closed at $57.17.

Invesco Large Cap Value ETF Stock Performance

The company has a market cap of $914.33 million, a PE ratio of 17.51 and a beta of 0.69. The stock’s 50-day simple moving average is $59.00 and its 200 day simple moving average is $57.91.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PWV. LPL Financial LLC boosted its holdings in Invesco Large Cap Value ETF by 11.6% during the second quarter. LPL Financial LLC now owns 1,083,031 shares of the company’s stock worth $59,610,000 after buying an additional 112,667 shares in the last quarter. Good Life Advisors LLC boosted its stake in shares of Invesco Large Cap Value ETF by 115.9% during the 3rd quarter. Good Life Advisors LLC now owns 122,942 shares of the company’s stock worth $7,171,000 after acquiring an additional 66,010 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Invesco Large Cap Value ETF by 3.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 535,615 shares of the company’s stock worth $31,238,000 after acquiring an additional 17,134 shares in the last quarter. Maia Wealth LLC acquired a new stake in shares of Invesco Large Cap Value ETF in the 3rd quarter worth approximately $860,000. Finally, Retirement Investment Advisors Inc. purchased a new position in Invesco Large Cap Value ETF in the 2nd quarter valued at approximately $726,000.

About Invesco Large Cap Value ETF

PowerShares Dynamic Large Cap Value Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Large Cap Value Intellidex Index (the Index). The Index is designed to provide capital appreciation, while maintaining consistent stylistically accurate exposure.