Invesco Large Cap Value ETF (NYSEARCA:PWV) Reaches New 12-Month High – Here’s Why

Invesco Large Cap Value ETF (NYSEARCA:PWVGet Free Report) hit a new 52-week high on Thursday . The stock traded as high as $73.70 and last traded at $73.70, with a volume of 5310 shares traded. The stock had previously closed at $73.03.

Invesco Large Cap Value ETF Price Performance

The firm has a market capitalization of $1.48 billion, a PE ratio of 16.47 and a beta of 0.73. The business has a 50-day simple moving average of $70.69 and a 200-day simple moving average of $68.53.

Institutional Trading of Invesco Large Cap Value ETF

A number of institutional investors have recently bought and sold shares of PWV. AQR Capital Management LLC bought a new position in Invesco Large Cap Value ETF during the first quarter valued at $723,000. JPMorgan Chase & Co. boosted its stake in shares of Invesco Large Cap Value ETF by 49.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 44,544 shares of the company’s stock worth $2,768,000 after purchasing an additional 14,799 shares during the period. Raymond James Financial Inc. grew its holdings in Invesco Large Cap Value ETF by 0.5% during the 2nd quarter. Raymond James Financial Inc. now owns 263,460 shares of the company’s stock valued at $16,371,000 after purchasing an additional 1,190 shares during the last quarter. Florida Financial Advisors LLC purchased a new stake in Invesco Large Cap Value ETF in the 2nd quarter worth about $208,000. Finally, Bank of America Corp DE lifted its stake in Invesco Large Cap Value ETF by 20.9% in the second quarter. Bank of America Corp DE now owns 774,088 shares of the company’s stock worth $48,102,000 after purchasing an additional 134,052 shares during the last quarter.

Invesco Large Cap Value ETF Company Profile

(Get Free Report)

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.

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