Invesco Large Cap Growth ETF (NYSEARCA:PWB) Sees Unusually-High Trading Volume – What’s Next?

Invesco Large Cap Growth ETF (NYSEARCA:PWB) shares saw unusually-high trading volume on Monday. Approximately 249,510 shares were traded during trading, an increase of 194% from the previous session’s volume of 84,918 shares. The stock last traded at $161.7320 and had previously closed at $163.46.

Invesco Large Cap Growth ETF Price Performance

The stock’s fifty day simple moving average is $156.80 and its 200-day simple moving average is $151.66. The firm has a market cap of $2.64 billion, a PE ratio of 40.15 and a beta of 1.23.

Hedge Funds Weigh In On Invesco Large Cap Growth ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PWB. LPL Financial LLC raised its position in Invesco Large Cap Growth ETF by 10.6% during the 4th quarter. LPL Financial LLC now owns 1,371,487 shares of the company’s stock worth $174,330,000 after buying an additional 130,950 shares during the last quarter. Ethos Financial Group LLC acquired a new stake in Invesco Large Cap Growth ETF during the 1st quarter valued at approximately $7,089,000. StoneCrest Wealth Management Inc. purchased a new stake in shares of Invesco Large Cap Growth ETF in the 2nd quarter valued at $9,087,000. Fifth Third Bancorp boosted its holdings in shares of Invesco Large Cap Growth ETF by 2,995.6% in the 1st quarter. Fifth Third Bancorp now owns 15,478 shares of the company’s stock valued at $1,949,000 after acquiring an additional 14,978 shares during the last quarter. Finally, World Investment Advisors purchased a new stake in shares of Invesco Large Cap Growth ETF in the 1st quarter valued at $1,595,000.

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.