Invesco Large Cap Growth ETF (NYSEARCA:PWB) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Invesco Large Cap Growth ETF (NYSEARCA:PWB) saw strong trading volume on Thursday . 64,401 shares were traded during mid-day trading, an increase of 288% from the previous session’s volume of 16,582 shares.The stock last traded at $108.21 and had previously closed at $107.72.

Invesco Large Cap Growth ETF Trading Down 0.2 %

The company’s fifty day simple moving average is $104.60 and its 200 day simple moving average is $99.37. The firm has a market capitalization of $1.03 billion, a P/E ratio of 36.77 and a beta of 1.12.

Hedge Funds Weigh In On Invesco Large Cap Growth ETF

A number of hedge funds have recently bought and sold shares of PWB. Capital Investment Counsel LLC lifted its holdings in shares of Invesco Large Cap Growth ETF by 1.9% during the third quarter. Capital Investment Counsel LLC now owns 99,106 shares of the company’s stock valued at $9,780,000 after purchasing an additional 1,887 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Invesco Large Cap Growth ETF by 2.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 99,065 shares of the company’s stock worth $9,357,000 after purchasing an additional 2,665 shares during the period. Elevation Capital Advisory LLC bought a new stake in Invesco Large Cap Growth ETF during the second quarter valued at approximately $9,251,000. Regal Investment Advisors LLC increased its holdings in Invesco Large Cap Growth ETF by 4.8% during the second quarter. Regal Investment Advisors LLC now owns 73,918 shares of the company’s stock valued at $6,982,000 after buying an additional 3,392 shares during the last quarter. Finally, Cornerstone Wealth Management LLC raised its position in Invesco Large Cap Growth ETF by 11.9% in the fourth quarter. Cornerstone Wealth Management LLC now owns 71,611 shares of the company’s stock worth $7,286,000 after acquiring an additional 7,624 shares during the period.

Invesco Large Cap Growth ETF Company Profile