Invesco Large Cap Value ETF (NYSEARCA:PWV) Reaches New 1-Year High – Should You Buy?

Invesco Large Cap Value ETF (NYSEARCA:PWV)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $75.87 and last traded at $75.69, with a volume of 12778 shares traded. The stock had previously closed at $75.38.

Invesco Large Cap Value ETF Price Performance

The company has a market capitalization of $1.52 billion, a PE ratio of 16.47 and a beta of 0.71. The stock’s 50 day simple moving average is $72.19 and its 200-day simple moving average is $69.50.

Institutional Trading of Invesco Large Cap Value ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Financial Solutions Advisory Group Inc. acquired a new position in shares of Invesco Large Cap Value ETF during the first quarter worth about $1,010,000. Bank of America Corp DE grew its position in shares of Invesco Large Cap Value ETF by 1.6% during the first quarter. Bank of America Corp DE now owns 821,082 shares of the company’s stock worth $57,238,000 after buying an additional 12,575 shares in the last quarter. Arkadios Wealth Advisors grew its position in shares of Invesco Large Cap Value ETF by 141.0% during the first 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 in the last quarter. Lido Advisors LLC acquired a new position in shares of Invesco Large Cap Value ETF during the first quarter worth about $788,000. Finally, Advisortrust Partners LLC acquired a new position in shares of Invesco Large Cap Value ETF during the first quarter worth about $78,000.

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.