Invesco Large Cap Value ETF (NYSEARCA:PWV) Sees Unusually-High Trading Volume – Time to Buy?

Invesco Large Cap Value ETF (NYSEARCA:PWV) saw an uptick in trading volume on Friday. Approximately 93,887 shares were traded during trading, an increase of 4% from the previous session’s volume of 90,241 shares. The stock last traded at $76.4710 and had previously closed at $76.46.

Invesco Large Cap Value ETF Stock Up 0.0%

The business has a 50 day simple moving average of $80.59 and a two-hundred day simple moving average of $76.18. The firm has a market cap of $1.81 billion, a PE ratio of 16.47 and a beta of 0.71.

Institutional Inflows and Outflows

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

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.