Invesco Large Cap Value ETF (NYSEARCA:PWV) Sees Strong Trading Volume – Here’s Why

Invesco Large Cap Value ETF (NYSEARCA:PWV) shares saw an uptick in trading volume on Friday . 176,829 shares changed hands during mid-day trading, an increase of 192% from the previous session’s volume of 60,488 shares.The stock last traded at $71.79 and had previously closed at $72.28.

Invesco Large Cap Value ETF Stock Performance

The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 16.47 and a beta of 0.74. The company’s fifty day simple moving average is $70.21 and its two-hundred day simple moving average is $67.80.

Hedge Funds Weigh In On Invesco Large Cap Value ETF

Hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in Invesco Large Cap Value ETF by 55,132.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,719,847 shares of the company’s stock valued at $912,644,000 after buying an additional 13,695,007 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Invesco Large Cap Value ETF by 20.7% in the 4th quarter. LPL Financial LLC now owns 1,845,579 shares of the company’s stock valued at $122,768,000 after acquiring an additional 316,197 shares during the last quarter. Bank of America Corp DE raised its position in shares of Invesco Large Cap Value ETF by 5.4% during the 3rd quarter. Bank of America Corp DE now owns 815,643 shares of the company’s stock valued at $53,188,000 after acquiring an additional 41,555 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Invesco Large Cap Value ETF by 4.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 564,431 shares of the company’s stock valued at $36,807,000 after acquiring an additional 25,661 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Invesco Large Cap Value ETF by 1.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 515,353 shares of the company’s stock worth $34,281,000 after purchasing an additional 7,019 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.