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

Invesco Large Cap Value ETF (NYSEARCA:PWV) saw an uptick in trading volume on Tuesday . Approximately 585,877 shares were traded during mid-day trading, an increase of 598% from the previous session’s volume of 83,883 shares.The stock last traded at $78.0810 and had previously closed at $79.03.

Invesco Large Cap Value ETF Price Performance

The company has a market capitalization of $1.83 billion, a PE ratio of 16.47 and a beta of 0.71. The firm’s 50 day moving average is $80.81 and its 200 day moving average is $75.85.

Institutional Trading of Invesco Large Cap Value ETF

A number of hedge funds have recently modified their holdings of PWV. Integrated Wealth Concepts LLC purchased a new stake in Invesco Large Cap Value ETF in the second quarter worth about $102,000. NewEdge Advisors LLC increased its position in Invesco Large Cap Value ETF by 1,284.6% in the second quarter. NewEdge Advisors LLC now owns 3,420 shares of the company’s stock worth $259,000 after purchasing an additional 3,173 shares during the last quarter. Waverly Advisors LLC raised its position in shares of Invesco Large Cap Value ETF by 1,259.2% during the 2nd quarter. Waverly Advisors LLC now owns 224,439 shares of the company’s stock valued at $17,006,000 after buying an additional 207,927 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Invesco Large Cap Value ETF in the 2nd quarter valued at approximately $786,000. Finally, Ameritas Advisory Services LLC lifted its position in Invesco Large Cap Value ETF by 58.3% in the second quarter. Ameritas Advisory Services LLC now owns 24,130 shares of the company’s stock worth $1,828,000 after buying an additional 8,887 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.