Invesco Large Cap Value ETF (NYSEARCA:PWV) Reaches New 52-Week High – Here’s Why

Invesco Large Cap Value ETF (NYSEARCA:PWV) shares reached a new 52-week high on Friday . The company traded as high as $71.80 and last traded at $71.73, with a volume of 8009 shares. The stock had previously closed at $71.59.

Invesco Large Cap Value ETF Stock Up 0.5%

The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 16.47 and a beta of 0.74. The stock’s fifty day moving average is $70.06 and its 200-day moving average is $67.62.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Stonebridge Wealth Management LLC grew its holdings in Invesco Large Cap Value ETF by 4.0% during the first quarter. Stonebridge Wealth Management LLC now owns 7,364 shares of the company’s stock valued at $513,000 after purchasing an additional 286 shares during the period. Capstone Wealth Management Group LLC grew its holdings in Invesco Large Cap Value ETF by 5.6% during the fourth quarter. Capstone Wealth Management Group LLC now owns 67,414 shares of the company’s stock valued at $4,484,000 after purchasing an additional 3,577 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in Invesco Large Cap Value ETF by 4.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 19,602 shares of the company’s stock valued at $1,304,000 after purchasing an additional 845 shares during the period. EP Wealth Advisors LLC acquired a new position in Invesco Large Cap Value ETF during the fourth quarter valued at approximately $337,000. Finally, Strategic Investment Advisors MI grew its holdings in Invesco Large Cap Value ETF by 1,783.3% during the fourth quarter. Strategic Investment Advisors MI now owns 7,345 shares of the company’s stock valued at $489,000 after purchasing an additional 6,955 shares during the period.

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.