Invesco Large Cap Value ETF (NYSEARCA:PWV) Hits New 1-Year High – Here’s Why

Shares of Invesco Large Cap Value ETF (NYSEARCA:PWV) 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. The stock had previously closed at $67.82.

Invesco Large Cap Value ETF Stock Up 0.6%

The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 16.47 and a beta of 0.81. The stock has a 50 day simple moving average of $66.86 and a 200 day simple moving average of $65.04.

Hedge Funds Weigh In On Invesco Large Cap Value ETF

Several institutional investors have recently modified their holdings of PWV. Fortitude Family Office LLC purchased a new position in Invesco Large Cap Value ETF in the fourth quarter valued at approximately $31,000. Advisory Services Network LLC purchased a new stake in shares of Invesco Large Cap Value ETF during the 3rd quarter valued at $34,000. Allspring Global Investments Holdings LLC purchased a new stake in Invesco Large Cap Value ETF during the third quarter valued at about $36,000. Beacon Capital Management Inc. purchased a new position in shares of Invesco Large Cap Value ETF during the 2nd quarter valued at about $64,000. Finally, YANKCOM Partnership purchased a new stake in shares of Invesco Large Cap Value ETF in the 4th quarter valued at $72,000.

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.