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

Invesco Large Cap Value ETF (NYSEARCA:PWV)’s share price reached a new 52-week high on Thursday . The stock traded as high as $81.31 and last traded at $81.31, with a volume of 3263 shares trading hands. The stock had previously closed at $80.83.

Invesco Large Cap Value ETF Price Performance

The stock has a market cap of $1.75 billion, a PE ratio of 16.47 and a beta of 0.71. The business has a fifty day moving average of $77.91 and a 200-day moving average of $73.39.

Institutional Investors Weigh In On Invesco Large Cap Value ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC bought a new position in shares of Invesco Large Cap Value ETF during the 1st quarter worth $723,000. JPMorgan Chase & Co. raised its holdings in shares of Invesco Large Cap Value ETF by 49.8% in the second quarter. JPMorgan Chase & Co. now owns 44,544 shares of the company’s stock valued at $2,768,000 after acquiring an additional 14,799 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Invesco Large Cap Value ETF by 0.5% in the second quarter. Raymond James Financial Inc. now owns 263,460 shares of the company’s stock worth $16,371,000 after acquiring 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 about $208,000. Finally, Bank of America Corp DE lifted its stake 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 acquiring an additional 134,052 shares during the period.

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.