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

Invesco Large Cap Growth ETF (NYSEARCA:PWB) shares saw unusually-strong trading volume on Wednesday . Approximately 71,221 shares traded hands during trading, an increase of 25% from the previous session’s volume of 56,783 shares.The stock last traded at $127.72 and had previously closed at $125.93.

Invesco Large Cap Growth ETF Stock Up 2.4%

The firm has a market capitalization of $1.46 billion, a P/E ratio of 40.15 and a beta of 1.12. The firm has a 50 day moving average of $132.58 and a 200-day moving average of $129.20.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its position in Invesco Large Cap Growth ETF by 6,494.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 341,154 shares of the company’s stock worth $43,364,000 after purchasing an additional 335,981 shares during the period. ACT Wealth Management LLC acquired a new position in shares of Invesco Large Cap Growth ETF in the 3rd quarter valued at approximately $24,410,000. LPL Financial LLC lifted its holdings in shares of 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 acquiring an additional 130,950 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Invesco Large Cap Growth ETF by 100.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 176,909 shares of the company’s stock worth $22,190,000 after acquiring an additional 88,580 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC increased its stake in Invesco Large Cap Growth ETF by 61.4% in the second quarter. Garden State Investment Advisory Services LLC now owns 154,234 shares of the company’s stock valued at $18,113,000 after acquiring an additional 58,670 shares during the last quarter.

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.