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

Shares of Invesco Large Cap Value ETF (NYSEARCA:PWV) saw unusually-high trading volume on Thursday . Approximately 104,273 shares traded hands during trading, an increase of 166% from the previous session’s volume of 39,215 shares.The stock last traded at $53.01 and had previously closed at $55.46.

Invesco Large Cap Value ETF Price Performance

The stock’s 50-day moving average is $58.91 and its 200 day moving average is $58.91. The company has a market cap of $937.76 million, a PE ratio of 18.08 and a beta of 0.86.

Invesco Large Cap Value ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a $0.409 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from Invesco Large Cap Value ETF’s previous dividend of $0.32.

Institutional Investors Weigh In On Invesco Large Cap Value ETF

Several institutional investors and hedge funds have recently made changes to their positions in PWV. Bank of America Corp DE raised its stake in Invesco Large Cap Value ETF by 1.4% in the 4th quarter. Bank of America Corp DE now owns 628,382 shares of the company’s stock worth $35,739,000 after acquiring an additional 8,546 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Invesco Large Cap Value ETF by 1.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 543,778 shares of the company’s stock valued at $30,928,000 after purchasing an additional 8,163 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Invesco Large Cap Value ETF by 3.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 434,432 shares of the company’s stock valued at $24,709,000 after buying an additional 12,971 shares during the period. Atlas Private Wealth Advisors lifted its holdings in Invesco Large Cap Value ETF by 17.1% in the fourth quarter. Atlas Private Wealth Advisors now owns 277,302 shares of the company’s stock valued at $15,774,000 after acquiring an additional 40,436 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Invesco Large Cap Value ETF in the 4th quarter worth approximately $14,691,000.

About Invesco Large Cap Value ETF

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.