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

Invesco Large Cap Value ETF (NYSEARCA:PWV)’s share price reached a new 52-week high on Thursday . The company traded as high as $68.44 and last traded at $68.0860, with a volume of 2719 shares trading hands. The stock had previously closed at $67.82.

Invesco Large Cap Value ETF Stock Performance

The firm’s 50-day simple moving average is $66.99 and its 200 day simple moving average is $65.11. The stock has a market capitalization of $1.32 billion, a P/E ratio of 16.47 and a beta of 0.81.

Institutional Investors Weigh In On Invesco Large Cap Value ETF

Several hedge funds have recently bought and sold shares of the company. Fortitude Family Office LLC bought a new stake in Invesco Large Cap Value ETF in the fourth quarter valued at approximately $31,000. Advisory Services Network LLC bought a new stake in Invesco Large Cap Value ETF in the 3rd quarter valued at $34,000. Allspring Global Investments Holdings LLC acquired a new stake in Invesco Large Cap Value ETF during the 3rd quarter valued at $36,000. Beacon Capital Management Inc. bought a new position in Invesco Large Cap Value ETF during the second quarter worth $64,000. Finally, YANKCOM Partnership acquired a new position in shares of Invesco Large Cap Value ETF in the fourth quarter valued at $72,000.

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.