Invesco Large Cap Growth ETF (NYSEARCA:PWB) Sees Unusually-High Trading Volume – Here’s Why

Invesco Large Cap Growth ETF (NYSEARCA:PWB) shares saw an uptick in trading volume on Wednesday . 88,897 shares changed hands during mid-day trading, an increase of 13% from the previous session’s volume of 78,669 shares.The stock last traded at $147.81 and had previously closed at $149.76.

Invesco Large Cap Growth ETF Stock Performance

The company has a 50 day simple moving average of $159.50 and a 200 day simple moving average of $144.65. The company has a market capitalization of $2.18 billion, a PE ratio of 40.15 and a beta of 1.22.

Institutional Trading of Invesco Large Cap Growth ETF

Several large investors have recently made changes to their positions in PWB. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco Large Cap Growth ETF by 6,494.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 341,154 shares of the company’s stock valued at $43,364,000 after purchasing an additional 335,981 shares in the last quarter. LPL Financial LLC raised its position in shares of Invesco Large Cap Growth ETF by 10.6% in the fourth quarter. LPL Financial LLC now owns 1,371,487 shares of the company’s stock valued at $174,330,000 after buying an additional 130,950 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Invesco Large Cap Growth ETF by 100.3% in the third quarter. Ameriprise Financial Inc. now owns 176,909 shares of the company’s stock valued at $22,190,000 after buying an additional 88,580 shares during the last quarter. Ethos Financial Group LLC purchased a new position in shares of Invesco Large Cap Growth ETF in the first quarter worth about $7,089,000. Finally, StoneCrest Wealth Management Inc. purchased a new position in shares of Invesco Large Cap Growth ETF in the second quarter worth about $9,087,000.

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.