Invesco Large Cap Growth ETF (NYSEARCA:PWB) Sees Large Volume Increase – Still a Buy?

Shares of Invesco Large Cap Growth ETF (NYSEARCA:PWB) saw an uptick in trading volume on Friday. 281,731 shares changed hands during trading, an increase of 219% from the average daily volume of 88,396 shares. The stock last traded at $146.8450 and had previously closed at $154.44.

Invesco Large Cap Growth ETF Stock Performance

The business’s fifty day moving average price is $157.58 and its two-hundred day moving average price is $149.05. The firm has a market capitalization of $2.52 billion, a P/E ratio of 40.15 and a beta of 1.22.

Hedge Funds Weigh In On Invesco Large Cap Growth ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. World Investment Advisors purchased a new stake in Invesco Large Cap Growth ETF during the 1st quarter worth about $1,595,000. Greenleaf Trust acquired a new position in shares of Invesco Large Cap Growth ETF during the 2nd quarter worth $408,000. Private Advisor Group LLC increased its position in Invesco Large Cap Growth ETF by 12.8% during the 1st quarter. Private Advisor Group LLC now owns 101,943 shares of the company’s stock worth $12,838,000 after purchasing an additional 11,606 shares in the last quarter. Cetera Investment Advisers increased its stake in Invesco Large Cap Growth ETF by 23.1% in the first quarter. Cetera Investment Advisers now owns 66,501 shares of the company’s stock valued at $8,374,000 after purchasing an additional 12,478 shares during the last quarter. Finally, IFP Advisors Inc purchased a new position in shares of Invesco Large Cap Growth ETF in the 2nd quarter worth about $1,750,000.

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.