Invesco Large Cap Value ETF (NYSEARCA:PWV) Sets New 1-Year High – Time to Buy?

Invesco Large Cap Value ETF (NYSEARCA:PWV)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $60.32 and last traded at $60.32, with a volume of 432 shares changing hands. The stock had previously closed at $58.42.

Invesco Large Cap Value ETF Stock Up 0.5 %

The stock has a fifty day moving average of $58.41 and a 200-day moving average of $56.69. The firm has a market capitalization of $976.23 million, a P/E ratio of 17.51 and a beta of 0.69.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. ORG Partners LLC bought a new position in shares of Invesco Large Cap Value ETF in the second quarter valued at about $44,000. EverSource Wealth Advisors LLC raised its holdings in shares of Invesco Large Cap Value ETF by 35.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,753 shares of the company’s stock valued at $95,000 after buying an additional 458 shares during the last quarter. Eastern Bank bought a new stake in Invesco Large Cap Value ETF during the 3rd quarter worth about $100,000. Mason & Associates Inc bought a new stake in Invesco Large Cap Value ETF during the 3rd quarter worth about $202,000. Finally, Garden State Investment Advisory Services LLC bought a new stake in Invesco Large Cap Value ETF during the 2nd quarter worth about $203,000.

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.