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

Invesco Large Cap Growth ETF (NYSEARCA:PWB) saw unusually-strong trading volume on Wednesday . Approximately 231,147 shares were traded during mid-day trading, an increase of 231% from the previous session’s volume of 69,756 shares.The stock last traded at $159.10 and had previously closed at $158.87.

Invesco Large Cap Growth ETF Stock Performance

The company has a 50 day moving average of $141.13 and a 200 day moving average of $134.17. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 40.15 and a beta of 1.22.

Hedge Funds Weigh In On Invesco Large Cap Growth ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its stake in shares of Invesco Large Cap Growth ETF by 25.9% during the first quarter. Goldman Sachs Group Inc. now owns 126,772 shares of the company’s stock worth $12,175,000 after buying an additional 26,094 shares during the period. Jane Street Group LLC purchased a new position in Invesco Large Cap Growth ETF in the first quarter worth approximately $319,000. JPMorgan Chase & Co. grew its holdings in Invesco Large Cap Growth ETF by 72.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,321 shares of the company’s stock worth $273,000 after acquiring an additional 976 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of Invesco Large Cap Growth ETF in the 2nd quarter valued at approximately $470,000. Finally, Raymond James Financial Inc. increased its position in shares of Invesco Large Cap Growth ETF by 6.8% in the 2nd quarter. Raymond James Financial Inc. now owns 405,631 shares of the company’s stock valued at $47,637,000 after purchasing an additional 25,755 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.