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

Invesco Large Cap Value ETF (NYSEARCA:PWV)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $67.10 and last traded at $67.0060, with a volume of 18443 shares. The stock had previously closed at $66.44.

Invesco Large Cap Value ETF Stock Up 0.9%

The firm has a market capitalization of $1.25 billion, a PE ratio of 16.47 and a beta of 0.81. The company’s 50-day simple moving average is $65.35 and its 200 day simple moving average is $63.55.

Institutional Investors Weigh In On Invesco Large Cap Value ETF

Several institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its holdings 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 valued at $48,102,000 after acquiring an additional 134,052 shares in the last quarter. Stratos Investment Management LLC acquired a new stake in Invesco Large Cap Value ETF in the 2nd quarter worth approximately $7,583,000. Raymond James Financial Inc. grew its position in Invesco Large Cap Value ETF by 24.3% during the 3rd quarter. Raymond James Financial Inc. now owns 327,464 shares of the company’s stock worth $21,354,000 after purchasing an additional 64,004 shares during the last quarter. Capstone Wealth Management Group LLC acquired a new position in Invesco Large Cap Value ETF during the 3rd quarter valued at approximately $4,163,000. Finally, Private Advisor Group LLC increased its stake in Invesco Large Cap Value ETF by 240.4% during the 3rd quarter. Private Advisor Group LLC now owns 63,534 shares of the company’s stock valued at $4,143,000 after purchasing an additional 44,872 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.