Invesco Large Cap Value ETF (NYSEARCA:PWV) Sets New 12-Month High – Still a Buy?

Invesco Large Cap Value ETF (NYSEARCA:PWV)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $75.87 and last traded at $75.69, with a volume of 12778 shares changing hands. The stock had previously closed at $75.38.

Invesco Large Cap Value ETF Price Performance

The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 16.47 and a beta of 0.71. The stock’s 50-day moving average is $72.31 and its 200 day moving average is $69.54.

Institutional Investors Weigh In On Invesco Large Cap Value ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capstone Wealth Management Group LLC acquired a new stake in shares of Invesco Large Cap Value ETF during the 3rd quarter valued at approximately $4,163,000. Farther Finance Advisors LLC lifted its position in shares of Invesco Large Cap Value ETF by 955.2% during the 4th quarter. Farther Finance Advisors LLC now owns 43,570 shares of the company’s stock valued at $2,898,000 after acquiring an additional 39,441 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco Large Cap Value ETF by 55,132.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,719,847 shares of the company’s stock valued at $912,644,000 after acquiring an additional 13,695,007 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Invesco Large Cap Value ETF by 4.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 201,960 shares of the company’s stock valued at $13,170,000 after acquiring an additional 7,809 shares during the period. Finally, Atlas Private Wealth Advisors lifted its position in shares of Invesco Large Cap Value ETF by 5.8% during the 4th quarter. Atlas Private Wealth Advisors now owns 233,148 shares of the company’s stock valued at $15,509,000 after acquiring an additional 12,867 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.