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

by · The Markets Daily

Shares of Invesco Large Cap Growth ETF (NYSEARCA:PWB – Get Free Report) saw unusually-high trading volume on Monday . Approximately 98,971 shares were traded during mid-day trading, an increase of 32% from the previous session’s volume of 74,873 shares.The stock last traded at $162.68 and had previously closed at $158.59.

Invesco Large Cap Growth ETF Price Performance

The stock’s 50-day simple moving average is $157.60 and its two-hundred day simple moving average is $141.66. The firm has a market capitalization of $2.25 billion, a P/E ratio of 40.15 and a beta of 1.22.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PWB. LPL Financial LLC grew its position in shares of Invesco Large Cap Growth ETF by 10.6% during the fourth quarter. LPL Financial LLC now owns 1,371,487 shares of the company’s stock valued at $174,330,000 after purchasing an additional 130,950 shares in the last quarter. Bank of America Corp DE boosted its holdings in Invesco Large Cap Growth ETF by 1.4% during the 1st quarter. Bank of America Corp DE now owns 442,993 shares of the company’s stock valued at $55,786,000 after acquiring an additional 5,962 shares during the period. Raymond James Financial Inc. increased its stake in Invesco Large Cap Growth ETF by 6.8% in the second quarter. Raymond James Financial Inc. now owns 405,631 shares of the company’s stock worth $47,637,000 after purchasing an additional 25,755 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of 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 valued at $43,364,000 after buying an additional 335,981 shares during the period. Finally, ACT Wealth Management LLC raised its holdings in shares of Invesco Large Cap Growth ETF by 6.9% in the 4th quarter. ACT Wealth Management LLC now owns 208,072 shares of the company’s stock valued at $26,448,000 after purchasing an additional 13,442 shares in the last quarter.

Invesco Large Cap Growth ETF Company Profile

(Get Free Report)

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.

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