Invesco Large Cap Value ETF (NYSEARCA:PWV) Sets New 52-Week High – Should You Buy?

Invesco Large Cap Value ETF (NYSEARCA:PWV)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $70.69 and last traded at $70.4050, with a volume of 1009 shares changing hands. The stock had previously closed at $70.54.

Invesco Large Cap Value ETF Price Performance

The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 16.47 and a beta of 0.81. The firm has a fifty day moving average of $68.37 and a 200 day moving average of $66.18.

Hedge Funds Weigh In On Invesco Large Cap Value ETF

Several large investors have recently made changes to their positions in the stock. Alpha Cubed Investments LLC increased its stake in Invesco Large Cap Value ETF by 3.1% during the fourth quarter. Alpha Cubed Investments LLC now owns 5,167 shares of the company’s stock worth $344,000 after purchasing an additional 156 shares during the period. Cornerstone Wealth Management LLC increased its stake in Invesco Large Cap Value ETF by 1.8% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 10,998 shares of the company’s stock valued at $717,000 after buying an additional 190 shares during the period. RDA Financial Network boosted its holdings in shares of Invesco Large Cap Value ETF by 3.0% in the fourth quarter. RDA Financial Network now owns 6,800 shares of the company’s stock valued at $452,000 after acquiring an additional 200 shares in the last quarter. Horizon Family Wealth Inc. lifted its position in Invesco Large Cap Value ETF by 0.4% in the fourth quarter. Horizon Family Wealth Inc. now owns 52,109 shares of the company’s stock valued at $3,466,000 after purchasing an additional 213 shares during the period. Finally, Western Wealth Management LLC increased its position in Invesco Large Cap Value ETF by 1.7% during the 4th quarter. Western Wealth Management LLC now owns 17,683 shares of the company’s stock worth $1,176,000 after purchasing an additional 302 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.