Invesco Large Cap Value ETF (NYSEARCA:PWV) Reaches New 12-Month High – Here’s Why

Invesco Large Cap Value ETF (NYSEARCA:PWV)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $77.36 and last traded at $77.16, with a volume of 9092 shares traded. The stock had previously closed at $76.47.

Invesco Large Cap Value ETF Stock Performance

The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 16.47 and a beta of 0.71. The firm’s 50-day simple moving average is $74.51 and its two-hundred day simple moving average is $70.94.

Institutional Trading of Invesco Large Cap Value ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its position 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 worth $912,644,000 after purchasing an additional 13,695,007 shares during the last quarter. LPL Financial LLC boosted its position in Invesco Large Cap Value ETF by 20.7% in the 4th quarter. LPL Financial LLC now owns 1,845,579 shares of the company’s stock valued at $122,768,000 after buying an additional 316,197 shares during the last quarter. Arkadios Wealth Advisors increased its stake in shares of Invesco Large Cap Value ETF by 141.0% in the 1st quarter. Arkadios Wealth Advisors now owns 387,000 shares of the company’s stock valued at $26,978,000 after buying an additional 226,423 shares during the period. SPWM Advisors LLC acquired a new stake in shares of Invesco Large Cap Value ETF in the 4th quarter valued at $10,619,000. Finally, Bank of America Corp DE raised its position in shares of Invesco Large Cap Value ETF by 20.9% during 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 during 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.