Invesco Large Cap Growth ETF (NYSEARCA:PWB) Sees Unusually-High Trading Volume – Still a Buy?

Invesco Large Cap Growth ETF (NYSEARCA:PWB) shares saw unusually-high trading volume on Wednesday . Approximately 88,897 shares traded 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 firm has a market capitalization of $2.18 billion, a PE ratio of 40.15 and a beta of 1.22. The stock’s 50 day simple moving average is $159.50 and its two-hundred day simple moving average is $144.65.

Hedge Funds Weigh In On Invesco Large Cap Growth ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PWB. MidFirst Bank purchased a new stake in Invesco Large Cap Growth ETF in the 4th quarter valued at $31,000. Fortitude Family Office LLC acquired a new stake in shares of Invesco Large Cap Growth ETF in the 4th quarter worth $40,000. Beaird Harris Wealth Management LLC purchased a new position in shares of Invesco Large Cap Growth ETF during the 3rd quarter worth $45,000. Sunbelt Securities Inc. purchased a new position in shares of Invesco Large Cap Growth ETF during the 1st quarter worth $53,000. Finally, Assetmark Inc. boosted its position in shares of Invesco Large Cap Growth ETF by 12,150.0% during the 4th quarter. Assetmark Inc. now owns 490 shares of the company’s stock valued at $62,000 after acquiring an additional 486 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.