Invesco Large Cap Value ETF (NYSEARCA:PWV) Reaches New 52-Week High – Should You Buy?

Shares of Invesco Large Cap Value ETF (NYSEARCA:PWV) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $60.32 and last traded at $60.32, with a volume of 432 shares traded. The stock had previously closed at $58.42.

Invesco Large Cap Value ETF Stock Performance

The firm has a market cap of $978.65 million, a P/E ratio of 17.51 and a beta of 0.69. The business’s 50-day simple moving average is $58.33 and its 200 day simple moving average is $56.64.

Institutional Investors Weigh In On Invesco Large Cap Value ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. IAG Wealth Partners LLC bought a new stake in Invesco Large Cap Value ETF during the 2nd quarter worth approximately $16,338,000. Commonwealth Equity Services LLC raised its position in shares of Invesco Large Cap Value ETF by 377.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 367,359 shares of the company’s stock valued at $20,219,000 after purchasing an additional 290,464 shares during the period. Atlas Private Wealth Advisors lifted its position in shares of Invesco Large Cap Value ETF by 84.2% in the second quarter. Atlas Private Wealth Advisors now owns 326,168 shares of the company’s stock valued at $17,953,000 after acquiring an additional 149,097 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Invesco Large Cap Value ETF by 11.6% in the second quarter. LPL Financial LLC now owns 1,083,031 shares of the company’s stock worth $59,610,000 after acquiring an additional 112,667 shares during the period. Finally, Good Life Advisors LLC grew its position in shares of Invesco Large Cap Value ETF by 115.9% during the third quarter. Good Life Advisors LLC now owns 122,942 shares of the company’s stock worth $7,171,000 after purchasing an additional 66,010 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.