Invesco Large Cap Value ETF (NYSEARCA:PWV) Reaches New 1-Year High – Here’s What Happened

Shares of Invesco Large Cap Value ETF (NYSEARCA:PWV) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $80.46 and last traded at $80.04, with a volume of 182280 shares traded. The stock had previously closed at $79.98.

Invesco Large Cap Value ETF Stock Up 0.1%

The business’s fifty day moving average is $76.41 and its 200 day moving average is $72.30. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 16.47 and a beta of 0.71.

Hedge Funds Weigh In On Invesco Large Cap Value ETF

Large investors have recently added to or reduced their stakes in the company. First Heartland Consultants Inc. lifted its holdings in shares of Invesco Large Cap Value ETF by 16.7% in the second quarter. First Heartland Consultants Inc. now owns 7,280 shares of the company’s stock valued at $552,000 after purchasing an additional 1,042 shares in the last quarter. Financial Solutions Advisory Group Inc. acquired a new position in shares of Invesco Large Cap Value ETF during the first quarter worth about $1,010,000. Bank of America Corp DE grew its holdings in shares of Invesco Large Cap Value ETF by 1.6% during the first quarter. Bank of America Corp DE now owns 821,082 shares of the company’s stock worth $57,238,000 after buying an additional 12,575 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Invesco Large Cap Value ETF by 141.0% during the first quarter. Arkadios Wealth Advisors now owns 387,000 shares of the company’s stock worth $26,978,000 after buying an additional 226,423 shares in the last quarter. Finally, Lido Advisors LLC acquired a new stake in Invesco Large Cap Value ETF in the 1st quarter valued at approximately $788,000.

Invesco Large Cap Value ETF Company Profile

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.