Oppenheimer & Co. Inc. Purchases New Position in Invesco Large Cap Value ETF $PWV

Oppenheimer & Co. Inc. purchased a new stake in shares of Invesco Large Cap Value ETF (NYSEARCA:PWV) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 9,951 shares of the company’s stock, valued at approximately $759,000.

A number of other hedge funds also recently made changes to their positions in PWV. Armstrong Advisory Group Inc. acquired a new position in shares of Invesco Large Cap Value ETF during the third quarter worth approximately $36,000. Advisortrust Partners LLC bought a new position in Invesco Large Cap Value ETF in the 1st quarter worth approximately $78,000. Integrated Wealth Concepts LLC bought a new position in Invesco Large Cap Value ETF in the 2nd quarter worth approximately $102,000. Eastern Bank bought a new position in Invesco Large Cap Value ETF in the 3rd quarter worth approximately $130,000. Finally, Citizens Financial Group Inc. RI acquired a new stake in Invesco Large Cap Value ETF in the 3rd quarter valued at approximately $200,000.

Invesco Large Cap Value ETF Price Performance

PWV opened at $80.09 on Wednesday. The stock’s 50 day moving average price is $79.69 and its 200 day moving average price is $75.15. The stock has a market cap of $1.87 billion, a P/E ratio of 16.47 and a beta of 0.71. Invesco Large Cap Value ETF has a 12 month low of $63.97 and a 12 month high of $83.41.

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.