Invesco Large Cap Growth ETF (NYSEARCA:PWB) Sees Strong Trading Volume – Here’s What Happened

Shares of Invesco Large Cap Growth ETF (NYSEARCA:PWB) saw strong trading volume on Friday. 389,802 shares were traded during mid-day trading, an increase of 331% from the average daily volume of 90,465 shares. The stock last traded at $136.2910 and had previously closed at $134.15.

Invesco Large Cap Growth ETF Stock Up 2.0%

The company’s fifty day moving average is $156.43 and its 200 day moving average is $149.33. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 40.15 and a beta of 1.24.

Institutional Investors Weigh In On Invesco Large Cap Growth ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Greenleaf Trust bought a new stake in shares of Invesco Large Cap Growth ETF in the 2nd quarter valued at about $408,000. Maia Wealth LLC acquired a new stake in Invesco Large Cap Growth ETF in the 3rd quarter valued at about $1,068,000. Cetera Investment Advisers grew its holdings in Invesco Large Cap Growth ETF by 23.1% during the first quarter. Cetera Investment Advisers now owns 66,501 shares of the company’s stock worth $8,374,000 after purchasing an additional 12,478 shares during the period. IFP Advisors Inc bought a new position in Invesco Large Cap Growth ETF during the second quarter worth about $1,750,000. Finally, Investors Research Corp bought a new position in Invesco Large Cap Growth ETF during the third quarter worth about $2,024,000.

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.