Invesco Large Cap Value ETF (NYSEARCA:PWV) Sees Unusually-High Trading Volume – Still a Buy?
by Kim Johansen · The Markets DailyShares of Invesco Large Cap Value ETF (NYSEARCA:PWV – Get Free Report) saw an uptick in trading volume on Friday . 176,829 shares traded hands during mid-day trading, an increase of 192% from the previous session’s volume of 60,488 shares.The stock last traded at $71.79 and had previously closed at $72.28.
Invesco Large Cap Value ETF Stock Down 0.7%
The company has a market cap of $1.43 billion, a price-to-earnings ratio of 16.47 and a beta of 0.74. The firm’s 50 day simple moving average is $70.21 and its 200 day simple moving average is $67.80.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in PWV. AGH Wealth Advisors LLC lifted its position in Invesco Large Cap Value ETF by 2.7% in the first quarter. AGH Wealth Advisors LLC now owns 52,471 shares of the company’s stock worth $3,659,000 after purchasing an additional 1,395 shares during the period. Stonebridge Wealth Management LLC boosted its stake in Invesco Large Cap Value ETF by 4.0% during the 1st 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 in the last quarter. Capstone Wealth Management Group LLC increased its position in shares of Invesco Large Cap Value ETF by 5.6% during the 4th 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 raised its stake in shares of Invesco Large Cap Value ETF by 4.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 19,602 shares of the company’s stock worth $1,304,000 after buying an additional 845 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of Invesco Large Cap Value ETF in the 4th quarter worth $337,000.
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.