Invesco Large Cap Value ETF (NYSEARCA:PWV) Reaches New 52-Week High – Should You Buy?

Invesco Large Cap Value ETF (NYSEARCA:PWV) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $78.86 and last traded at $78.86, with a volume of 4516 shares changing hands. The stock had previously closed at $78.58.

Invesco Large Cap Value ETF Price Performance

The stock’s 50-day moving average price is $75.40 and its 200 day moving average price is $71.61. The firm has a market cap of $1.62 billion, a P/E ratio of 16.47 and a beta of 0.71.

Institutional Investors Weigh In On Invesco Large Cap Value ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PWV. AQR Capital Management LLC bought a new position in shares of Invesco Large Cap Value ETF in the 1st quarter valued at about $723,000. JPMorgan Chase & Co. increased its position 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 during the last quarter. Raymond James Financial Inc. raised its holdings in Invesco Large Cap Value ETF by 0.5% during 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 in the last quarter. Florida Financial Advisors LLC acquired a new position in Invesco Large Cap Value ETF during the second quarter valued at approximately $208,000. Finally, Bank of America Corp DE boosted its position in Invesco Large Cap Value ETF by 20.9% during the second quarter. Bank of America Corp DE now owns 774,088 shares of the company’s stock valued at $48,102,000 after purchasing an additional 134,052 shares during the last quarter.

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.