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

Invesco Large Cap Value ETF (NYSEARCA:PWV) shares hit a new 52-week high on Tuesday . The stock traded as high as $74.70 and last traded at $74.70, with a volume of 5843 shares traded. The stock had previously closed at $74.01.

Invesco Large Cap Value ETF Trading Down 0.5%

The firm has a 50-day simple moving average of $71.34 and a two-hundred day simple moving average of $69.03. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 16.47 and a beta of 0.73.

Institutional Investors Weigh In On Invesco Large Cap Value ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco Large Cap Value ETF by 55,132.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,719,847 shares of the company’s stock worth $912,644,000 after acquiring an additional 13,695,007 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Invesco Large Cap Value ETF by 20.7% during the 4th quarter. LPL Financial LLC now owns 1,845,579 shares of the company’s stock worth $122,768,000 after acquiring an additional 316,197 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Invesco Large Cap Value ETF by 1.6% during the 1st quarter. Bank of America Corp DE now owns 821,082 shares of the company’s stock worth $57,238,000 after acquiring an additional 12,575 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Invesco Large Cap Value ETF by 4.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 564,431 shares of the company’s stock worth $36,807,000 after acquiring an additional 25,661 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Invesco Large Cap Value ETF by 1.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 515,353 shares of the company’s stock worth $34,281,000 after acquiring an additional 7,019 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.