Invesco Large Cap Value ETF (NYSEARCA:PWV) Shares Cross Above 50-Day Moving Average – Here’s Why

Shares of Invesco Large Cap Value ETF (NYSEARCA:PWV) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $79.43 and traded as high as $79.78. Invesco Large Cap Value ETF shares last traded at $79.70, with a volume of 115,601 shares.

Invesco Large Cap Value ETF Price Performance

The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 16.47 and a beta of 0.71. The firm’s 50-day simple moving average is $79.43 and its two-hundred day simple moving average is $75.45.

Institutional Investors Weigh In On Invesco Large Cap Value ETF

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of Invesco Large Cap Value ETF by 1.6% in the 1st quarter. Bank of America Corp DE now owns 821,082 shares of the company’s stock worth $57,238,000 after acquiring an additional 12,575 shares during the period. Arkadios Wealth Advisors increased its stake in 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 in the last quarter. Commonwealth Equity Services LLC acquired a new position in Invesco Large Cap Value ETF during the third quarter worth $20,698,000. Waverly Advisors LLC raised its holdings in Invesco Large Cap Value ETF by 1,259.2% during the second quarter. Waverly Advisors LLC now owns 224,439 shares of the company’s stock worth $17,006,000 after purchasing an additional 207,927 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in Invesco Large Cap Value ETF by 18.3% during the third quarter. Kestra Advisory Services LLC now owns 190,448 shares of the company’s stock worth $14,531,000 after purchasing an additional 29,425 shares during 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.