Invesco Large Cap Value ETF (NYSEARCA:PWV) Hits New 1-Year High – Still a Buy?

Invesco Large Cap Value ETF (NYSEARCA:PWV)’s share price reached a new 52-week high on Monday . The stock traded as high as $67.54 and last traded at $67.4790, with a volume of 4357 shares trading hands. The stock had previously closed at $66.85.

Invesco Large Cap Value ETF Price Performance

The company has a market capitalization of $1.30 billion, a P/E ratio of 16.47 and a beta of 0.81. The company has a fifty day simple moving average of $66.08 and a two-hundred day simple moving average of $64.36.

Institutional Investors Weigh In On Invesco Large Cap Value ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Howe & Rusling Inc. acquired a new stake in shares of Invesco Large Cap Value ETF in the second quarter valued at $167,000. Cetera Investment Advisers boosted its position in shares of Invesco Large Cap Value ETF by 103.9% in the 2nd quarter. Cetera Investment Advisers now owns 75,311 shares of the company’s stock worth $4,680,000 after purchasing an additional 38,367 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Invesco Large Cap Value ETF by 8.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,291 shares of the company’s stock worth $639,000 after buying an additional 812 shares during the period. Philip James Wealth Mangement LLC increased its position in shares of Invesco Large Cap Value ETF by 0.7% in the 2nd quarter. Philip James Wealth Mangement LLC now owns 23,827 shares of the company’s stock valued at $1,481,000 after buying an additional 165 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of 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 valued at $12,065,000 after purchasing an additional 7,903 shares in 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.