Invesco Large Cap Value ETF (NYSEARCA:PWV) Reaches New 12-Month High – Should You Buy?

Invesco Large Cap Value ETF (NYSEARCA:PWV) shares hit a new 52-week high on Thursday . The company traded as high as $77.36 and last traded at $77.16, with a volume of 9092 shares changing hands. The stock had previously closed at $76.47.

Invesco Large Cap Value ETF Stock Up 0.8%

The company has a market cap of $1.59 billion, a price-to-earnings ratio of 16.47 and a beta of 0.71. The company’s fifty day moving average price is $74.29 and its two-hundred day moving average price is $70.82.

Institutional Investors Weigh In On Invesco Large Cap Value ETF

Institutional investors have recently added to or reduced their stakes in the stock. Alpha Cubed Investments LLC increased its holdings in Invesco Large Cap Value ETF by 3.1% during the 4th quarter. Alpha Cubed Investments LLC now owns 5,167 shares of the company’s stock worth $344,000 after purchasing an additional 156 shares in the last quarter. Harmony Asset Management LLC lifted its holdings in shares of Invesco Large Cap Value ETF by 2.4% in the first quarter. Harmony Asset Management LLC now owns 8,418 shares of the company’s stock valued at $587,000 after purchasing an additional 199 shares in the last quarter. RDA Financial Network boosted its position in shares of Invesco Large Cap Value ETF by 3.0% during the fourth quarter. RDA Financial Network now owns 6,800 shares of the company’s stock worth $452,000 after buying an additional 200 shares during the period. Horizon Family Wealth Inc. boosted its position in shares of 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 worth $3,466,000 after buying an additional 213 shares during the period. Finally, Stonebridge Wealth Management LLC grew its holdings in shares of Invesco Large Cap Value ETF by 4.0% during the first quarter. Stonebridge Wealth Management LLC now owns 7,364 shares of the company’s stock worth $513,000 after buying an additional 286 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.