Invesco Large Cap Value ETF (NYSEARCA:PWV) Reaches New 12-Month High – Should You Buy?

Shares of Invesco Large Cap Value ETF (NYSEARCA:PWV) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $77.36 and last traded at $77.16, with a volume of 9092 shares trading hands. The stock had previously closed at $76.47.

Invesco Large Cap Value ETF Stock Performance

The stock’s 50-day moving average is $74.29 and its 200 day moving average is $70.82. The firm has a market cap of $1.59 billion, a P/E ratio of 16.47 and a beta of 0.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Financial Solutions Advisory Group Inc. bought a new stake in shares of Invesco Large Cap Value ETF in the first quarter worth about $1,010,000. Bank of America Corp DE lifted its holdings in shares of Invesco Large Cap Value ETF by 1.6% during the 1st quarter. Bank of America Corp DE now owns 821,082 shares of the company’s stock valued at $57,238,000 after purchasing an additional 12,575 shares in the last quarter. Arkadios Wealth Advisors grew its position in shares of Invesco Large Cap Value ETF by 141.0% in the 1st quarter. Arkadios Wealth Advisors now owns 387,000 shares of the company’s stock valued at $26,978,000 after purchasing an additional 226,423 shares during the period. Lido Advisors LLC acquired a new position in shares of Invesco Large Cap Value ETF in the 1st quarter valued at approximately $788,000. Finally, Advisortrust Partners LLC acquired a new position in shares of Invesco Large Cap Value ETF in the 1st quarter valued at approximately $78,000.

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.