Invesco Large Cap Value ETF (NYSEARCA:PWV) Hits New 52-Week High – What’s Next?

Invesco Large Cap Value ETF (NYSEARCA:PWV) shares reached a new 52-week high on Wednesday . The company traded as high as $73.90 and last traded at $73.90, with a volume of 5183 shares. The stock had previously closed at $73.40.

Invesco Large Cap Value ETF Stock Performance

The stock’s 50 day simple moving average is $70.93 and its two-hundred day simple moving average is $68.75. The firm has a market capitalization of $1.48 billion, a PE ratio of 16.47 and a beta of 0.73.

Institutional Trading of Invesco Large Cap Value ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PWV. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 last quarter. LPL Financial LLC increased its holdings in shares of 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 last quarter. Arkadios Wealth Advisors increased its holdings in shares of 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 last quarter. SPWM Advisors LLC acquired a new stake in shares of Invesco Large Cap Value ETF during the 4th quarter worth approximately $10,619,000. Finally, Bank of America Corp DE increased its holdings 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 worth $48,102,000 after buying an additional 134,052 shares during the last quarter.

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.