Invesco Large Cap Value ETF (NYSEARCA:PWV) Hits New 52-Week High – What’s Next?

Invesco Large Cap Value ETF (NYSEARCA:PWV)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $73.90 and last traded at $73.90, with a volume of 5183 shares changing hands. The stock had previously closed at $73.40.

Invesco Large Cap Value ETF Trading Up 0.5%

The company’s fifty day moving average is $70.93 and its two-hundred day moving average is $68.75. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 16.47 and a beta of 0.73.

Institutional Trading of Invesco Large Cap Value ETF

Several institutional investors have recently added to or reduced their stakes in PWV. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco Large Cap Value ETF by 55,132.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,719,847 shares of the company’s stock valued at $912,644,000 after purchasing an additional 13,695,007 shares during the last quarter. LPL Financial LLC grew its stake in shares of Invesco Large Cap Value ETF by 20.7% in the fourth quarter. LPL Financial LLC now owns 1,845,579 shares of the company’s stock worth $122,768,000 after acquiring an additional 316,197 shares in the last quarter. Arkadios Wealth Advisors grew its stake in shares of Invesco Large Cap Value ETF by 141.0% in the first quarter. Arkadios Wealth Advisors now owns 387,000 shares of the company’s stock worth $26,978,000 after acquiring an additional 226,423 shares in the last quarter. SPWM Advisors LLC acquired a new position in shares of Invesco Large Cap Value ETF in the fourth quarter worth $10,619,000. Finally, Bank of America Corp DE grew its stake in shares of Invesco Large Cap Value ETF by 20.9% in the second quarter. Bank of America Corp DE now owns 774,088 shares of the company’s stock worth $48,102,000 after acquiring an additional 134,052 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.