Invesco Large Cap Value ETF (NYSEARCA:PWV) Sees Large Volume Increase – Here’s What Happened

Shares of Invesco Large Cap Value ETF (NYSEARCA:PWV) saw unusually-strong trading volume on Monday . 56,410 shares traded hands during trading, a decline of 18% from the previous session’s volume of 68,676 shares.The stock last traded at $80.32 and had previously closed at $80.00.

Invesco Large Cap Value ETF Stock Up 0.8%

The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 16.47 and a beta of 0.71. The stock has a 50 day moving average price of $77.50 and a 200 day moving average price of $73.10.

Institutional Investors Weigh In On Invesco Large Cap Value ETF

A number of institutional investors have recently added to or reduced their stakes in PWV. AQR Capital Management LLC bought a new stake in shares of Invesco Large Cap Value ETF in the first quarter worth $723,000. JPMorgan Chase & Co. grew its position in shares of Invesco Large Cap Value ETF by 49.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 44,544 shares of the company’s stock valued at $2,768,000 after buying an additional 14,799 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Invesco Large Cap Value ETF by 0.5% in the second quarter. Raymond James Financial Inc. now owns 263,460 shares of the company’s stock valued at $16,371,000 after buying an additional 1,190 shares during the period. Florida Financial Advisors LLC bought a new position in shares of Invesco Large Cap Value ETF during the second quarter worth about $208,000. Finally, Bank of America Corp DE boosted its holdings in Invesco Large Cap Value ETF by 20.9% in the second quarter. Bank of America Corp DE now owns 774,088 shares of the company’s stock valued at $48,102,000 after acquiring an additional 134,052 shares during the last quarter.

About Invesco Large Cap Value ETF

PowerShares Dynamic Large Cap Value Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Large Cap Value Intellidex Index (the Index). The Index is designed to provide capital appreciation, while maintaining consistent stylistically accurate exposure. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund generally will invest at least 80% of its total assets in common stocks of large-capitalization companies.