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

Shares of Invesco Large Cap Value ETF (NYSEARCA:PWV) reached a new 52-week high on Tuesday . The company traded as high as $70.47 and last traded at $70.33, with a volume of 74966 shares traded. The stock had previously closed at $70.31.

Invesco Large Cap Value ETF Stock Down 1.2%

The stock has a market capitalization of $1.35 billion, a PE ratio of 16.47 and a beta of 0.81. The stock’s 50 day moving average price is $67.61 and its 200-day moving average price is $65.59.

Institutional Investors Weigh In On Invesco Large Cap Value ETF

Large investors have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC purchased a new position in shares of Invesco Large Cap Value ETF during the fourth quarter worth approximately $31,000. Advisory Services Network LLC bought a new position in Invesco Large Cap Value ETF in the third quarter worth approximately $34,000. Allspring Global Investments Holdings LLC purchased a new position in Invesco Large Cap Value ETF during the 3rd quarter worth $36,000. IFP Advisors Inc raised its position in Invesco Large Cap Value ETF by 356.5% during the 4th quarter. IFP Advisors Inc now owns 913 shares of the company’s stock valued at $61,000 after purchasing an additional 713 shares in the last quarter. Finally, Beacon Capital Management Inc. bought a new stake in Invesco Large Cap Value ETF during the 2nd quarter valued at $64,000.

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.