Invesco Large Cap Value ETF (NYSEARCA:PWV) Hits New 1-Year High – Here’s Why

Invesco Large Cap Value ETF (NYSEARCA:PWV)’s share price reached a new 52-week high on Thursday . The company traded as high as $77.08 and last traded at $77.08, with a volume of 14982 shares traded. The stock had previously closed at $76.02.

Invesco Large Cap Value ETF Stock Up 0.9%

The company has a 50-day moving average price of $73.80 and a 200-day moving average price of $70.47. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 16.47 and a beta of 0.71.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PWV. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco Large Cap Value ETF by 55,132.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,719,847 shares of the company’s stock valued at $912,644,000 after acquiring an additional 13,695,007 shares during the period. Capstone Wealth Management Group LLC bought a new position in Invesco Large Cap Value ETF during the third quarter worth $4,163,000. Farther Finance Advisors LLC raised its stake in Invesco Large Cap Value ETF by 955.2% during the 4th quarter. Farther Finance Advisors LLC now owns 43,570 shares of the company’s stock valued at $2,898,000 after purchasing an additional 39,441 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in Invesco Large Cap Value ETF in the 4th quarter valued at $2,105,000. Finally, IAG Wealth Partners LLC boosted its holdings in Invesco Large Cap Value ETF by 2.2% in the 4th quarter. IAG Wealth Partners LLC now owns 323,838 shares of the company’s stock valued at $21,542,000 after purchasing an additional 6,905 shares during the period.

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. 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.