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

Invesco Large Cap Growth ETF (NYSEARCA:PWB) shares saw unusually-high trading volume on Wednesday . 88,897 shares traded hands during trading, an increase of 13% from the previous session’s volume of 78,669 shares.The stock last traded at $147.81 and had previously closed at $149.76.

Invesco Large Cap Growth ETF Stock Up 4.5%

The stock’s fifty day simple moving average is $159.31 and its 200-day simple moving average is $144.90. The company has a market capitalization of $2.27 billion, a PE ratio of 40.15 and a beta of 1.22.

Hedge Funds Weigh In On Invesco Large Cap Growth ETF

Several hedge funds have recently bought and sold shares of PWB. Goldman Sachs Group Inc. increased its position in shares of Invesco Large Cap Growth ETF by 25.9% in the first quarter. Goldman Sachs Group Inc. now owns 126,772 shares of the company’s stock valued at $12,175,000 after buying an additional 26,094 shares in the last quarter. Jane Street Group LLC acquired a new stake in Invesco Large Cap Growth ETF in the 1st quarter valued at about $319,000. JPMorgan Chase & Co. increased its stake in shares of Invesco Large Cap Growth ETF by 72.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,321 shares of the company’s stock worth $273,000 after purchasing an additional 976 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in Invesco Large Cap Growth ETF in the 2nd quarter valued at approximately $470,000. Finally, Raymond James Financial Inc. grew its holdings in Invesco Large Cap Growth ETF by 6.8% during the 2nd quarter. Raymond James Financial Inc. now owns 405,631 shares of the company’s stock valued at $47,637,000 after buying an additional 25,755 shares during the last quarter.

About Invesco Large Cap Growth ETF

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.