Invesco Large Cap Value ETF (NYSEARCA:PWV) Hits New 52-Week High – Time to Buy?

Invesco Large Cap Value ETF (NYSEARCA:PWV) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $81.31 and last traded at $81.31, with a volume of 3263 shares trading hands. The stock had previously closed at $80.83.

Invesco Large Cap Value ETF Price Performance

The company has a market cap of $1.75 billion, a P/E ratio of 16.47 and a beta of 0.71. The stock’s 50-day moving average is $78.16 and its two-hundred day moving average is $73.55.

Institutional Investors Weigh In On Invesco Large Cap Value ETF

A number of hedge funds have recently modified their holdings of PWV. Alpha Cubed Investments LLC boosted its holdings in Invesco Large Cap Value ETF by 3.1% in the 4th quarter. Alpha Cubed Investments LLC now owns 5,167 shares of the company’s stock worth $344,000 after buying an additional 156 shares during the period. Harmony Asset Management LLC raised its holdings in Invesco Large Cap Value ETF by 2.4% during the first quarter. Harmony Asset Management LLC now owns 8,418 shares of the company’s stock valued at $587,000 after acquiring an additional 199 shares during the period. Horizon Family Wealth Inc. raised its holdings in Invesco Large Cap Value ETF by 0.4% during the fourth quarter. Horizon Family Wealth Inc. now owns 52,109 shares of the company’s stock valued at $3,466,000 after acquiring an additional 213 shares during the period. Stonebridge Wealth Management LLC lifted its position in shares of Invesco Large Cap Value ETF by 4.0% in the first quarter. Stonebridge Wealth Management LLC now owns 7,364 shares of the company’s stock valued at $513,000 after acquiring an additional 286 shares in the last quarter. Finally, Western Wealth Management LLC lifted its position in shares of Invesco Large Cap Value ETF by 1.7% in the fourth quarter. Western Wealth Management LLC now owns 17,683 shares of the company’s stock valued at $1,176,000 after acquiring an additional 302 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.