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

Invesco Large Cap Growth ETF (NYSEARCA:PWB) shares saw an uptick in trading volume on Friday . 113,641 shares traded hands during mid-day trading, an increase of 108% from the previous session’s volume of 54,687 shares.The stock last traded at $128.69 and had previously closed at $130.16.

Invesco Large Cap Growth ETF Stock Down 1.7%

The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 40.15 and a beta of 1.12. The business has a 50-day moving average of $133.48 and a 200-day moving average of $128.89.

Institutional Investors Weigh In On Invesco Large Cap Growth ETF

Several institutional investors have recently made changes to their positions in PWB. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco Large Cap Growth ETF by 6,494.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 341,154 shares of the company’s stock valued at $43,364,000 after buying an additional 335,981 shares in the last quarter. ACT Wealth Management LLC acquired a new stake in Invesco Large Cap Growth ETF in the third quarter valued at approximately $24,410,000. LPL Financial LLC lifted its stake in Invesco Large Cap Growth ETF by 10.6% in the fourth quarter. LPL Financial LLC now owns 1,371,487 shares of the company’s stock valued at $174,330,000 after acquiring an additional 130,950 shares during the last quarter. Ameriprise Financial Inc. grew its position in Invesco Large Cap Growth ETF by 100.3% in the third quarter. Ameriprise Financial Inc. now owns 176,909 shares of the company’s stock worth $22,190,000 after acquiring an additional 88,580 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC grew its position in Invesco Large Cap Growth ETF by 61.4% in the second quarter. Garden State Investment Advisory Services LLC now owns 154,234 shares of the company’s stock worth $18,113,000 after acquiring an additional 58,670 shares in 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.