Invesco Large Cap Value ETF (NYSEARCA:PWV) Sets New 12-Month High – Still a Buy?

Invesco Large Cap Value ETF (NYSEARCA:PWV)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $78.86 and last traded at $78.86, with a volume of 4516 shares. The stock had previously closed at $78.58.

Invesco Large Cap Value ETF Trading Up 0.3%

The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 16.47 and a beta of 0.71. The stock’s 50 day moving average price is $75.18 and its 200 day moving average price is $71.45.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PWV. AQR Capital Management LLC bought a new position in Invesco Large Cap Value ETF in the first quarter valued at approximately $723,000. JPMorgan Chase & Co. raised its stake in shares of Invesco Large Cap Value ETF by 49.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 44,544 shares of the company’s stock worth $2,768,000 after purchasing an additional 14,799 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Invesco Large Cap Value ETF by 0.5% in the 2nd quarter. Raymond James Financial Inc. now owns 263,460 shares of the company’s stock valued at $16,371,000 after buying an additional 1,190 shares during the last quarter. Florida Financial Advisors LLC acquired a new stake in shares of Invesco Large Cap Value ETF in the 2nd quarter valued at approximately $208,000. Finally, Bank of America Corp DE grew its stake in shares of Invesco Large Cap Value ETF by 20.9% in the second quarter. Bank of America Corp DE now owns 774,088 shares of the company’s stock valued at $48,102,000 after buying an additional 134,052 shares in the last quarter.

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.