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

Shares of Invesco Large Cap Value ETF (NYSEARCA:PWV) saw strong trading volume on Thursday . 177,789 shares traded hands during mid-day trading, an increase of 210% from the previous session’s volume of 57,360 shares.The stock last traded at $69.69 and had previously closed at $69.62.

Invesco Large Cap Value ETF Price Performance

The business has a 50-day moving average of $69.48 and a two-hundred day moving average of $67.11. The company has a market cap of $1.35 billion, a P/E ratio of 16.47 and a beta of 0.81.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco Large Cap Value ETF by 55,132.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,719,847 shares of the company’s stock worth $912,644,000 after purchasing an additional 13,695,007 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Invesco Large Cap Value ETF by 20.7% during the 4th quarter. LPL Financial LLC now owns 1,845,579 shares of the company’s stock valued at $122,768,000 after purchasing an additional 316,197 shares during the last quarter. SPWM Advisors LLC acquired a new stake in shares of Invesco Large Cap Value ETF in the 4th quarter worth $10,619,000. Bank of America Corp DE grew its stake in Invesco Large Cap Value ETF by 20.9% during the 2nd quarter. Bank of America Corp DE now owns 774,088 shares of the company’s stock worth $48,102,000 after buying an additional 134,052 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in Invesco Large Cap Value ETF by 24.3% during the 3rd quarter. Raymond James Financial Inc. now owns 327,464 shares of the company’s stock worth $21,354,000 after buying an additional 64,004 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.