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

Shares of Invesco Large Cap Value ETF (NYSEARCA:PWV) saw unusually-high trading volume on Wednesday . Approximately 102,643 shares traded hands during mid-day trading, an increase of 182% from the previous session’s volume of 36,396 shares.The stock last traded at $60.52 and had previously closed at $59.96.

Invesco Large Cap Value ETF Stock Performance

The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 18.09 and a beta of 0.86. The business’s 50 day simple moving average is $59.63 and its 200-day simple moving average is $59.03.

Invesco Large Cap Value ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be given a dividend of $0.409 per share. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Invesco Large Cap Value ETF’s previous dividend of $0.32.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC increased its stake in shares of Invesco Large Cap Value ETF by 4.0% during the third quarter. FMR LLC now owns 9,293 shares of the company’s stock valued at $542,000 after acquiring an additional 360 shares during the period. Glenmede Trust Co. NA increased its position in shares of Invesco Large Cap Value ETF by 237.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,848 shares of the company’s stock valued at $108,000 after purchasing an additional 1,300 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of Invesco Large Cap Value ETF by 0.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 147,381 shares of the company’s stock worth $8,595,000 after buying an additional 683 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of Invesco Large Cap Value ETF in the third quarter valued at $572,000. Finally, Mission Creek Capital Partners Inc. acquired a new stake in Invesco Large Cap Value ETF in the 3rd quarter valued at about $218,000.

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.