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 hit a new 52-week high on Tuesday . The company traded as high as $80.46 and last traded at $80.04, with a volume of 182280 shares traded. The stock had previously closed at $79.98.

Invesco Large Cap Value ETF Stock Down 1.1%

The firm’s 50-day moving average price is $76.68 and its 200-day moving average price is $72.48. The company has a market cap of $1.70 billion, a P/E ratio of 16.47 and a beta of 0.71.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised 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 valued at $912,644,000 after purchasing an additional 13,695,007 shares during the period. Farther Finance Advisors LLC boosted its stake in Invesco Large Cap Value ETF by 955.2% in the 4th quarter. Farther Finance Advisors LLC now owns 43,570 shares of the company’s stock worth $2,898,000 after purchasing an additional 39,441 shares during the period. IAG Wealth Partners LLC grew its holdings in Invesco Large Cap Value ETF by 2.2% during the 4th quarter. IAG Wealth Partners LLC now owns 323,838 shares of the company’s stock valued at $21,542,000 after buying an additional 6,905 shares in the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of Invesco Large Cap Value ETF during the fourth quarter valued at about $2,105,000. Finally, Atlas Private Wealth Advisors lifted its holdings in shares of Invesco Large Cap Value ETF by 5.8% in the fourth quarter. Atlas Private Wealth Advisors now owns 233,148 shares of the company’s stock worth $15,509,000 after buying an additional 12,867 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. 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.