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

Invesco Large Cap Growth ETF (NYSEARCA:PWB) shares saw unusually-strong trading volume on Monday . Approximately 100,705 shares were traded during mid-day trading, an increase of 112% from the previous session’s volume of 47,484 shares.The stock last traded at $133.95 and had previously closed at $135.43.

Invesco Large Cap Growth ETF Stock Performance

The firm’s 50-day moving average is $131.80 and its two-hundred day moving average is $127.08. The stock has a market cap of $1.51 billion, a P/E ratio of 40.15 and a beta of 1.12.

Hedge Funds Weigh In On Invesco Large Cap Growth ETF

Several hedge funds have recently added to or reduced their stakes in PWB. Beacon Capital Management Inc. bought a new stake in Invesco Large Cap Growth ETF during the 2nd quarter worth about $34,000. Fortitude Family Office LLC acquired a new stake in shares of Invesco Large Cap Growth ETF during the 4th quarter worth approximately $40,000. CX Institutional bought a new stake in shares of Invesco Large Cap Growth ETF during the third quarter worth approximately $44,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Invesco Large Cap Growth ETF during the third quarter worth approximately $45,000. Finally, Grey Fox Wealth Advisors LLC acquired a new position in Invesco Large Cap Growth ETF in the third quarter valued at approximately $60,000.

About Invesco Large Cap Growth ETF

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.