Invesco Large Cap Value ETF (NYSEARCA:PWV) Hits New 12-Month High – Here’s Why

Invesco Large Cap Value ETF (NYSEARCA:PWV)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $73.90 and last traded at $73.90, with a volume of 5183 shares traded. The stock had previously closed at $73.40.

Invesco Large Cap Value ETF Trading Up 0.8%

The firm has a market capitalization of $1.50 billion, a P/E ratio of 16.47 and a beta of 0.73. The company has a 50-day moving average of $71.12 and a 200-day moving average of $68.88.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Fortitude Family Office LLC bought a new position in Invesco Large Cap Value ETF during the 4th quarter worth $31,000. Advisory Services Network LLC bought a new position in Invesco Large Cap Value ETF during the 3rd quarter worth $34,000. IFP Advisors Inc raised its position in shares of Invesco Large Cap Value ETF by 356.5% in the 4th quarter. IFP Advisors Inc now owns 913 shares of the company’s stock worth $61,000 after acquiring an additional 713 shares in the last quarter. Motiv8 Investments LLC bought a new position in shares of Invesco Large Cap Value ETF in the 4th quarter worth about $61,000. Finally, YANKCOM Partnership bought a new position in shares of Invesco Large Cap Value ETF in the 4th quarter worth about $72,000.

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.