Invesco Large Cap Value ETF (NYSEARCA:PWV) Reaches New 52-Week High – Here’s What Happened

Invesco Large Cap Value ETF (NYSEARCA:PWV) shares hit a new 52-week high on Thursday . The stock traded as high as $81.31 and last traded at $81.31, with a volume of 3263 shares traded. The stock had previously closed at $80.83.

Invesco Large Cap Value ETF Stock Up 0.5%

The stock’s 50 day moving average price is $77.91 and its 200-day moving average price is $73.39. The stock has a market capitalization of $1.75 billion, a P/E ratio of 16.47 and a beta of 0.71.

Institutional Trading of Invesco Large Cap Value ETF

A number of hedge funds have recently bought and sold shares of the stock. Alpha Cubed Investments LLC lifted its holdings in Invesco Large Cap Value ETF by 3.1% in the fourth quarter. Alpha Cubed Investments LLC now owns 5,167 shares of the company’s stock valued at $344,000 after acquiring an additional 156 shares during the period. Harmony Asset Management LLC grew its stake in shares of Invesco Large Cap Value ETF by 2.4% during the 1st quarter. Harmony Asset Management LLC now owns 8,418 shares of the company’s stock worth $587,000 after purchasing an additional 199 shares during the period. Horizon Family Wealth Inc. grew its stake in shares of Invesco Large Cap Value ETF by 0.4% during the 4th quarter. Horizon Family Wealth Inc. now owns 52,109 shares of the company’s stock worth $3,466,000 after purchasing an additional 213 shares during the period. Stonebridge Wealth Management LLC increased its holdings in shares of Invesco Large Cap Value ETF by 4.0% during the 1st quarter. Stonebridge Wealth Management LLC now owns 7,364 shares of the company’s stock valued at $513,000 after purchasing an additional 286 shares in the last quarter. Finally, Western Wealth Management LLC increased its holdings in shares of Invesco Large Cap Value ETF by 1.7% during the 4th quarter. Western Wealth Management LLC now owns 17,683 shares of the company’s stock valued at $1,176,000 after purchasing an additional 302 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.