Invesco Large Cap Value ETF (NYSEARCA:PWV) Sets New 12-Month High – Here’s What Happened

Invesco Large Cap Value ETF (NYSEARCA:PWV) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $79.76 and last traded at $79.73, with a volume of 4066 shares changing hands. The stock had previously closed at $78.37.

Invesco Large Cap Value ETF Stock Up 0.5%

The business’s fifty day moving average is $75.90 and its two-hundred day moving average is $71.95. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 16.47 and a beta of 0.71.

Institutional Investors Weigh In On Invesco Large Cap Value ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. First Heartland Consultants Inc. lifted its stake in shares of Invesco Large Cap Value ETF by 16.7% during the second quarter. First Heartland Consultants Inc. now owns 7,280 shares of the company’s stock valued at $552,000 after acquiring an additional 1,042 shares during the period. Financial Solutions Advisory Group Inc. acquired a new stake in Invesco Large Cap Value ETF in the first quarter worth about $1,010,000. Bank of America Corp DE raised its holdings in Invesco Large Cap Value ETF by 1.6% during the 1st quarter. Bank of America Corp DE now owns 821,082 shares of the company’s stock worth $57,238,000 after purchasing an additional 12,575 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in Invesco Large Cap Value ETF by 141.0% during the 1st quarter. Arkadios Wealth Advisors now owns 387,000 shares of the company’s stock worth $26,978,000 after purchasing an additional 226,423 shares during the last quarter. Finally, Lido Advisors LLC acquired a new position in Invesco Large Cap Value ETF during the 1st quarter valued at about $788,000.

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.