Invesco Large Cap Value ETF (NYSEARCA:PWV) Hits New 52-Week High – What’s Next?

Invesco Large Cap Value ETF (NYSEARCA:PWV) shares reached a new 52-week high on Thursday . The company traded as high as $60.92 and last traded at $60.92, with a volume of 6825 shares traded. The stock had previously closed at $60.08.

Invesco Large Cap Value ETF Price Performance

The firm has a market capitalization of $984.63 million, a P/E ratio of 17.51 and a beta of 0.69. The stock’s 50-day simple moving average is $58.86 and its two-hundred day simple moving average is $57.04.

Hedge Funds Weigh In On Invesco Large Cap Value ETF

A number of hedge funds have recently modified their holdings of the company. Horizon Family Wealth Inc. boosted its position in shares of Invesco Large Cap Value ETF by 0.6% in the second quarter. Horizon Family Wealth Inc. now owns 50,425 shares of the company’s stock worth $2,775,000 after purchasing an additional 294 shares during the period. FMR LLC lifted its holdings in shares of Invesco Large Cap Value ETF by 4.0% in the third quarter. FMR LLC now owns 9,293 shares of the company’s stock worth $542,000 after buying an additional 360 shares in the last quarter. EverSource Wealth Advisors LLC lifted 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 worth $95,000 after buying an additional 458 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Invesco Large Cap Value ETF by 0.5% in the third quarter. Rockefeller Capital Management L.P. now owns 147,381 shares of the company’s stock worth $8,595,000 after buying an additional 683 shares in the last quarter. Finally, ORG Partners LLC purchased a new position in shares of Invesco Large Cap Value ETF in the second quarter worth $44,000.

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.