Invesco Large Cap Value ETF (NYSEARCA:PWV) Hits New 52-Week High – Should You Buy?

Invesco Large Cap Value ETF (NYSEARCA:PWV) shares reached a new 52-week high on Thursday . The company traded as high as $68.44 and last traded at $68.0860, with a volume of 2719 shares changing hands. The stock had previously closed at $67.82.

Invesco Large Cap Value ETF Price Performance

The company’s 50-day moving average price is $66.86 and its two-hundred day moving average price is $65.04. The company has a market capitalization of $1.32 billion, a P/E ratio of 16.47 and a beta of 0.81.

Institutional Investors Weigh In On Invesco Large Cap Value ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE increased its position in Invesco Large Cap Value ETF by 5.4% during the third quarter. Bank of America Corp DE now owns 815,643 shares of the company’s stock worth $53,188,000 after acquiring an additional 41,555 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Invesco Large Cap Value ETF by 4.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 564,431 shares of the company’s stock worth $36,807,000 after purchasing an additional 25,661 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Invesco Large Cap Value ETF by 5.9% during the third quarter. Commonwealth Equity Services LLC now owns 508,334 shares of the company’s stock worth $33,148,000 after buying an additional 28,394 shares in the last quarter. Raymond James Financial Inc. increased its stake in Invesco Large Cap Value ETF by 24.3% during the 3rd quarter. Raymond James Financial Inc. now owns 327,464 shares of the company’s stock worth $21,354,000 after acquiring an additional 64,004 shares during the period. Finally, IAG Wealth Partners LLC raised its holdings in Invesco Large Cap Value ETF by 2.2% in the 3rd quarter. IAG Wealth Partners LLC now owns 316,933 shares of the company’s stock valued at $20,667,000 after acquiring an additional 6,876 shares in 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.