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

Shares of Invesco Large Cap Value ETF (NYSEARCA:PWV) hit a new 52-week high during trading on Thursday . The stock traded as high as $76.06 and last traded at $75.53, with a volume of 55145 shares traded. The stock had previously closed at $75.58.

Invesco Large Cap Value ETF Trading Up 1.1%

The company has a market cap of $1.54 billion, a price-to-earnings ratio of 16.47 and a beta of 0.71. The firm’s 50-day moving average price is $72.98 and its 200 day moving average price is $69.91.

Hedge Funds Weigh In On Invesco Large Cap Value ETF

A number of large investors have recently modified their holdings of the company. Alpha Cubed Investments LLC lifted its holdings in shares of Invesco Large Cap Value ETF by 3.1% in the 4th quarter. Alpha Cubed Investments LLC now owns 5,167 shares of the company’s stock worth $344,000 after purchasing an additional 156 shares in the last quarter. Harmony Asset Management LLC lifted its holdings in shares of Invesco Large Cap Value ETF by 2.4% in 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 in the last quarter. RDA Financial Network lifted its holdings in shares of Invesco Large Cap Value ETF by 3.0% in the 4th quarter. RDA Financial Network now owns 6,800 shares of the company’s stock worth $452,000 after purchasing an additional 200 shares in the last quarter. Horizon Family Wealth Inc. lifted its holdings in shares of Invesco Large Cap Value ETF by 0.4% in 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 in the last quarter. Finally, Stonebridge Wealth Management LLC lifted its holdings in shares of Invesco Large Cap Value ETF by 4.0% in the 1st quarter. Stonebridge Wealth Management LLC now owns 7,364 shares of the company’s stock worth $513,000 after purchasing an additional 286 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.