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-strong trading volume on Wednesday . Approximately 102,643 shares were traded during 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 Price Performance

The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 18.08 and a beta of 0.86. The firm has a 50 day moving average price of $59.67 and a 200-day moving average price of $59.04.

Invesco Large Cap Value ETF Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PWV. FMR LLC raised 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 worth $542,000 after buying an additional 360 shares during the last quarter. Glenmede Trust Co. NA raised 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 acquiring an additional 1,300 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Invesco Large Cap Value ETF by 0.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 147,381 shares of the company’s stock valued at $8,595,000 after acquiring an additional 683 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in shares of Invesco Large Cap Value ETF in the 3rd quarter valued at $572,000. Finally, Mission Creek Capital Partners Inc. bought a new position in shares of Invesco Large Cap Value ETF in the 3rd quarter worth $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.