Invesco Large Cap Value ETF (NYSEARCA:PWV) Hits New 1-Year High – Still a Buy?

Invesco Large Cap Value ETF (NYSEARCA:PWV)’s stock price reached a new 52-week high on Thursday . The company traded as high as $83.29 and last traded at $83.3320, with a volume of 40190 shares. The stock had previously closed at $82.72.

Invesco Large Cap Value ETF Price Performance

The firm has a market capitalization of $1.79 billion, a P/E ratio of 16.47 and a beta of 0.71. The stock’s fifty day simple moving average is $79.78 and its 200 day simple moving average is $74.75.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. AQR Capital Management LLC purchased a new stake in Invesco Large Cap Value ETF during the first quarter worth $723,000. JPMorgan Chase & Co. raised its position in shares of Invesco Large Cap Value ETF by 49.8% in the second quarter. JPMorgan Chase & Co. now owns 44,544 shares of the company’s stock worth $2,768,000 after acquiring an additional 14,799 shares during the period. Raymond James Financial Inc. boosted its stake in shares of Invesco Large Cap Value ETF by 0.5% during the 2nd quarter. Raymond James Financial Inc. now owns 263,460 shares of the company’s stock worth $16,371,000 after acquiring an additional 1,190 shares in the last quarter. Florida Financial Advisors LLC acquired a new stake in shares of Invesco Large Cap Value ETF during the 2nd quarter valued at about $208,000. Finally, Bank of America Corp DE grew its position in shares of 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 valued at $48,102,000 after acquiring an additional 134,052 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.