Invesco Large Cap Value ETF (NYSEARCA:PWV) Reaches New 1-Year High – Here’s Why

Invesco Large Cap Value ETF (NYSEARCA:PWV) shares reached a new 52-week high on Wednesday . The stock traded as high as $78.66 and last traded at $78.31, with a volume of 44797 shares changing hands. The stock had previously closed at $77.54.

Invesco Large Cap Value ETF Price Performance

The firm has a market cap of $1.60 billion, a PE ratio of 16.47 and a beta of 0.71. The business’s fifty day moving average is $74.96 and its 200-day moving average is $71.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC bought a new stake in shares of Invesco Large Cap Value ETF in the 1st quarter worth approximately $723,000. JPMorgan Chase & Co. grew its holdings in Invesco Large Cap Value ETF by 49.8% during the second quarter. JPMorgan Chase & Co. now owns 44,544 shares of the company’s stock valued at $2,768,000 after purchasing an additional 14,799 shares during the period. Raymond James Financial Inc. grew its holdings in Invesco Large Cap Value ETF by 0.5% during the second quarter. Raymond James Financial Inc. now owns 263,460 shares of the company’s stock valued at $16,371,000 after purchasing an additional 1,190 shares during the period. Florida Financial Advisors LLC purchased a new stake in Invesco Large Cap Value ETF in the second quarter worth $208,000. Finally, Bank of America Corp DE increased its position in Invesco Large Cap Value ETF by 20.9% in the second quarter. Bank of America Corp DE now owns 774,088 shares of the company’s stock worth $48,102,000 after buying an additional 134,052 shares during 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.