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

Invesco Large Cap Value ETF (NYSEARCA:PWV) shares reached a new 52-week high on Tuesday . The company traded as high as $71.39 and last traded at $71.28, with a volume of 26797 shares. The stock had previously closed at $71.09.

Invesco Large Cap Value ETF Price Performance

The business’s 50 day simple moving average is $68.72 and its 200-day simple moving average is $66.43. The stock has a market capitalization of $1.38 billion, a P/E ratio of 16.47 and a beta of 0.81.

Hedge Funds Weigh In On Invesco Large Cap Value ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC acquired a new position in shares of Invesco Large Cap Value ETF during the 1st quarter worth about $723,000. Envestnet Asset Management Inc. boosted its stake in Invesco Large Cap Value ETF by 4.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 194,151 shares of the company’s stock worth $12,065,000 after acquiring an additional 7,903 shares during the last quarter. Alpha Financial Advisors LLC acquired a new position in Invesco Large Cap Value ETF during the second quarter valued at approximately $212,000. Alpha Cubed Investments LLC increased its stake in Invesco Large Cap Value ETF by 18.5% in the second quarter. Alpha Cubed Investments LLC now owns 5,371 shares of the company’s stock valued at $334,000 after purchasing an additional 838 shares in the last quarter. Finally, Good Life Advisors LLC increased its stake in Invesco Large Cap Value ETF by 10.5% in the second quarter. Good Life Advisors LLC now owns 85,573 shares of the company’s stock valued at $5,317,000 after purchasing an additional 8,133 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.