Invesco Large Cap Value ETF (NYSEARCA:PWV) Reaches New 12-Month High – Time to Buy?

Invesco Large Cap Value ETF (NYSEARCA:PWV)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $79.76 and last traded at $79.73, with a volume of 4066 shares trading hands. The stock had previously closed at $78.37.

Invesco Large Cap Value ETF Price Performance

The stock has a market capitalization of $1.66 billion, a P/E ratio of 16.47 and a beta of 0.71. The company’s 50 day simple moving average is $76.15 and its two-hundred day simple moving average is $72.13.

Institutional Investors Weigh In On Invesco Large Cap Value ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco Large Cap Value ETF by 55,132.9% during the fourth 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 increased 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 valued at $122,768,000 after buying an additional 316,197 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Invesco Large Cap Value ETF by 1.6% in the first quarter. Bank of America Corp DE now owns 821,082 shares of the company’s stock valued at $57,238,000 after buying an additional 12,575 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Invesco Large Cap Value ETF by 1.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 515,353 shares of the company’s stock valued at $34,281,000 after buying an additional 7,019 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its position in Invesco Large Cap Value ETF by 141.0% during the 1st quarter. Arkadios Wealth Advisors now owns 387,000 shares of the company’s stock worth $26,978,000 after buying an additional 226,423 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.