Invesco Large Cap Value ETF (NYSEARCA:PWV) Sees Strong Trading Volume – Still a Buy?

Shares of Invesco Large Cap Value ETF (NYSEARCA:PWV) saw strong trading volume on Wednesday . 94,658 shares traded hands during trading, an increase of 120% from the previous session’s volume of 43,000 shares.The stock last traded at $57.01 and had previously closed at $57.17.

Invesco Large Cap Value ETF Stock Up 0.1 %

The firm has a market capitalization of $924.35 million, a P/E ratio of 17.51 and a beta of 0.69. The firm has a 50 day moving average of $59.06 and a 200-day moving average of $57.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC lifted its stake in Invesco Large Cap Value ETF by 11.6% during the second quarter. LPL Financial LLC now owns 1,083,031 shares of the company’s stock worth $59,610,000 after purchasing an additional 112,667 shares during the last quarter. Horizon Family Wealth Inc. raised its holdings in shares of Invesco Large Cap Value ETF by 0.6% during the 2nd quarter. Horizon Family Wealth Inc. now owns 50,425 shares of the company’s stock worth $2,775,000 after buying an additional 294 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Invesco Large Cap Value ETF by 5.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 146,364 shares of the company’s stock worth $8,056,000 after buying an additional 7,674 shares during the last quarter. Retirement Investment Advisors Inc. acquired a new stake in Invesco Large Cap Value ETF in the second quarter valued at about $726,000. Finally, Garden State Investment Advisory Services LLC bought a new position in Invesco Large Cap Value ETF in the second quarter valued at about $203,000.

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.