Invesco Large Cap Value ETF (NYSEARCA:PWV) Hits New 12-Month High – What’s Next?

Invesco Large Cap Value ETF (NYSEARCA:PWV)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $77.08 and last traded at $77.08, with a volume of 14982 shares traded. The stock had previously closed at $76.02.

Invesco Large Cap Value ETF Stock Up 0.9%

The stock’s 50-day moving average price is $73.80 and its 200 day moving average price is $70.47. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 16.47 and a beta of 0.71.

Institutional Trading of Invesco Large Cap Value ETF

A number of hedge funds have recently modified their holdings of PWV. Fortitude Family Office LLC acquired a new stake in shares of Invesco Large Cap Value ETF during the 4th quarter worth approximately $31,000. Advisory Services Network LLC acquired a new position in shares of Invesco Large Cap Value ETF in the third quarter valued at $34,000. IFP Advisors Inc lifted its position in Invesco Large Cap Value ETF by 356.5% in the fourth quarter. IFP Advisors Inc now owns 913 shares of the company’s stock worth $61,000 after purchasing an additional 713 shares during the period. Motiv8 Investments LLC bought a new position in Invesco Large Cap Value ETF in the fourth quarter worth $61,000. Finally, YANKCOM Partnership acquired a new stake in Invesco Large Cap Value ETF during the fourth quarter worth $72,000.

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.