Invesco Large Cap Value ETF (NYSEARCA:PWV) Sees Strong Trading Volume – Still a Buy?

Invesco Large Cap Value ETF (NYSEARCA:PWV) saw strong trading volume on Monday . Approximately 247,591 shares traded hands during mid-day trading, an increase of 221% from the previous session’s volume of 77,230 shares.The stock last traded at $81.6240 and had previously closed at $81.99.

Invesco Large Cap Value ETF Trading Up 0.0%

The company’s fifty day simple moving average is $80.69 and its 200 day simple moving average is $75.50. The stock has a market capitalization of $1.75 billion, a P/E ratio of 16.47 and a beta of 0.71.

Institutional Trading of Invesco Large Cap Value ETF

Several institutional investors and hedge funds have recently modified their holdings of PWV. Bank of America Corp DE lifted its position in Invesco Large Cap Value ETF by 1.6% during the first quarter. Bank of America Corp DE now owns 821,082 shares of the company’s stock valued at $57,238,000 after purchasing an additional 12,575 shares during the last quarter. Arkadios Wealth Advisors grew its position in Invesco Large Cap Value ETF by 141.0% during the first quarter. Arkadios Wealth Advisors now owns 387,000 shares of the company’s stock valued at $26,978,000 after acquiring an additional 226,423 shares during the last quarter. IAG Wealth Partners LLC raised its position in Invesco Large Cap Value ETF by 2.2% in the 4th quarter. IAG Wealth Partners LLC now owns 323,838 shares of the company’s stock worth $21,542,000 after purchasing an additional 6,905 shares during the period. Waverly Advisors LLC lifted its position in Invesco Large Cap Value ETF by 1,259.2% in the second quarter. Waverly Advisors LLC now owns 224,439 shares of the company’s stock valued at $17,006,000 after purchasing an additional 207,927 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its position in Invesco Large Cap Value ETF by 11.6% during the 1st quarter. Kestra Advisory Services LLC now owns 167,056 shares of the company’s stock valued at $11,645,000 after purchasing an additional 17,300 shares during the last quarter.

Invesco Large Cap Value ETF Company Profile

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.