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

Invesco Large Cap Growth ETF (NYSEARCA:PWB) saw strong trading volume on Monday. Approximately 249,510 shares traded hands during mid-day trading, an increase of 194% from the previous session’s volume of 84,918 shares. The stock last traded at $161.7320 and had previously closed at $163.46.

Invesco Large Cap Growth ETF Stock Down 0.9%

The business has a 50-day moving average price of $156.80 and a 200-day moving average price of $151.66. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 40.15 and a beta of 1.23.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. MidFirst Bank acquired a new stake in Invesco Large Cap Growth ETF in the fourth quarter worth about $31,000. Sunbelt Securities Inc. purchased a new stake in shares of Invesco Large Cap Growth ETF during the first quarter worth about $53,000. Assetmark Inc. increased its holdings in shares of Invesco Large Cap Growth ETF by 111.6% during the first quarter. Assetmark Inc. now owns 1,037 shares of the company’s stock valued at $131,000 after acquiring an additional 547 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of Invesco Large Cap Growth ETF during the first quarter valued at about $145,000. Finally, Shared Vision Wealth Group LLC purchased a new position in shares of Invesco Large Cap Growth ETF in the 4th quarter valued at approximately $204,000.

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.