Invesco Large Cap Value ETF (NYSEARCA:PWV) Reaches New 1-Year High – Should You Buy?

Invesco Large Cap Value ETF (NYSEARCA:PWV)’s share price reached a new 52-week high on Thursday . The stock traded as high as $73.70 and last traded at $73.70, with a volume of 5310 shares traded. The stock had previously closed at $73.03.

Invesco Large Cap Value ETF Price Performance

The stock has a market cap of $1.47 billion, a P/E ratio of 16.47 and a beta of 0.73. The firm’s fifty day moving average price is $70.79 and its two-hundred day moving average price is $68.62.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PWV. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco Large Cap Value ETF by 55,132.9% in 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 period. LPL Financial LLC increased its holdings 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 worth $122,768,000 after purchasing an additional 316,197 shares during the period. SPWM Advisors LLC bought a new position in shares of Invesco Large Cap Value ETF in the fourth quarter worth $10,619,000. Bank of America Corp DE increased its holdings in shares of Invesco Large Cap Value ETF by 20.9% in the second quarter. Bank of America Corp DE now owns 774,088 shares of the company’s stock worth $48,102,000 after purchasing an additional 134,052 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in shares of Invesco Large Cap Value ETF by 24.3% in the third 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 period.

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.