Invesco Large Cap Value ETF (NYSEARCA:PWV) Reaches New 12-Month High – Should You Buy?

Invesco Large Cap Value ETF (NYSEARCA:PWV)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $76.06 and last traded at $75.53, with a volume of 55145 shares. The stock had previously closed at $75.58.

Invesco Large Cap Value ETF Stock Performance

The firm has a market capitalization of $1.52 billion, a P/E ratio of 16.47 and a beta of 0.71. The company has a 50-day moving average price of $72.71 and a 200-day moving average price of $69.79.

Institutional Trading of Invesco Large Cap Value ETF

Several hedge funds have recently added to or reduced their stakes in PWV. Northwestern Mutual Wealth Management Co. raised its stake in Invesco Large Cap Value ETF by 55,132.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,719,847 shares of the company’s stock worth $912,644,000 after buying an additional 13,695,007 shares during the period. LPL Financial LLC raised its stake in Invesco Large Cap Value ETF by 20.7% during the 4th quarter. LPL Financial LLC now owns 1,845,579 shares of the company’s stock worth $122,768,000 after buying an additional 316,197 shares during the period. Arkadios Wealth Advisors raised its stake in Invesco Large Cap Value ETF by 141.0% during the 1st quarter. Arkadios Wealth Advisors now owns 387,000 shares of the company’s stock worth $26,978,000 after buying an additional 226,423 shares during the period. SPWM Advisors LLC acquired a new stake in Invesco Large Cap Value ETF during the 4th quarter worth $10,619,000. Finally, Bank of America Corp DE raised its stake in Invesco Large Cap Value ETF by 20.9% during the 2nd quarter. Bank of America Corp DE now owns 774,088 shares of the company’s stock worth $48,102,000 after buying an additional 134,052 shares during the period.

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.