Invesco Large Cap Value ETF (NYSEARCA:PWV) Reaches New 52-Week High – Here’s Why

Shares of Invesco Large Cap Value ETF (NYSEARCA:PWV) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $70.69 and last traded at $70.4050, with a volume of 1009 shares changing hands. The stock had previously closed at $70.54.

Invesco Large Cap Value ETF Stock Performance

The stock’s fifty day simple moving average is $68.20 and its 200-day simple moving average is $66.11. The stock has a market cap of $1.37 billion, a P/E ratio of 16.47 and a beta of 0.81.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PWV. Alpha Cubed Investments LLC lifted its stake in shares of Invesco Large Cap Value ETF by 3.1% during the fourth quarter. Alpha Cubed Investments LLC now owns 5,167 shares of the company’s stock valued at $344,000 after buying an additional 156 shares during the period. Cornerstone Wealth Management LLC increased its holdings in shares of Invesco Large Cap Value ETF by 1.8% during the third quarter. Cornerstone Wealth Management LLC now owns 10,998 shares of the company’s stock valued at $717,000 after purchasing an additional 190 shares during the period. RDA Financial Network raised its stake 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 buying an additional 200 shares in the last quarter. Horizon Family Wealth Inc. lifted its position in shares of Invesco Large Cap Value ETF by 0.4% during the 4th quarter. Horizon Family Wealth Inc. now owns 52,109 shares of the company’s stock valued at $3,466,000 after acquiring an additional 213 shares during the last quarter. Finally, Western Wealth Management LLC grew its position in Invesco Large Cap Value ETF by 1.7% during the 4th quarter. Western Wealth Management LLC now owns 17,683 shares of the company’s stock worth $1,176,000 after purchasing an additional 302 shares in the last quarter.

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.