Invesco Large Cap Value ETF (NYSEARCA:PWV) Hits New 12-Month High – Here’s Why

Invesco Large Cap Value ETF (NYSEARCA:PWV)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $69.19 and last traded at $69.11, with a volume of 38713 shares changing hands. The stock had previously closed at $68.58.

Invesco Large Cap Value ETF Price Performance

The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 16.47 and a beta of 0.81. The firm’s 50-day moving average is $67.24 and its 200 day moving average is $65.32.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Fortitude Family Office LLC acquired a new position in Invesco Large Cap Value ETF in the fourth quarter valued at $31,000. Advisory Services Network LLC purchased a new position in shares of Invesco Large Cap Value ETF in the 3rd quarter worth about $34,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Invesco Large Cap Value ETF in the 3rd quarter worth about $36,000. IFP Advisors Inc lifted its stake in shares of Invesco Large Cap Value ETF by 356.5% in the 4th quarter. IFP Advisors Inc now owns 913 shares of the company’s stock valued at $61,000 after purchasing an additional 713 shares in the last quarter. Finally, Beacon Capital Management Inc. acquired a new position in shares of Invesco Large Cap Value ETF in the 2nd quarter valued at about $64,000.

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. 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.