Invesco Large Cap Value ETF (NYSEARCA:PWV) Sets New 1-Year High – Should You Buy?

Invesco Large Cap Value ETF (NYSEARCA:PWV) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $79.76 and last traded at $79.73, with a volume of 4066 shares trading hands. The stock had previously closed at $78.37.

Invesco Large Cap Value ETF Price Performance

The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 16.47 and a beta of 0.71. The business has a 50 day moving average of $75.90 and a 200 day moving average of $71.95.

Hedge Funds Weigh In On Invesco Large Cap Value ETF

A number of hedge funds have recently made changes to their positions in PWV. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco Large Cap Value ETF by 55,132.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,719,847 shares of the company’s stock valued at $912,644,000 after purchasing an additional 13,695,007 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Invesco Large Cap Value ETF by 955.2% in the fourth quarter. Farther Finance Advisors LLC now owns 43,570 shares of the company’s stock valued at $2,898,000 after buying an additional 39,441 shares in the last quarter. IAG Wealth Partners LLC increased its position in Invesco Large Cap Value ETF by 2.2% in the 4th quarter. IAG Wealth Partners LLC now owns 323,838 shares of the company’s stock valued at $21,542,000 after acquiring an additional 6,905 shares in the last quarter. Cary Street Partners Financial LLC acquired a new stake in Invesco Large Cap Value ETF in the 4th quarter valued at about $2,105,000. Finally, Atlas Private Wealth Advisors increased its position in Invesco Large Cap Value ETF by 5.8% in 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 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.