Invesco Large Cap Value ETF (NYSEARCA:PWV) Reaches New 12-Month Low – Here’s What Happened

Invesco Large Cap Value ETF (NYSEARCA:PWV) hit a new 52-week low during trading on Friday . The company traded as low as $53.63 and last traded at $53.74, with a volume of 49269 shares. The stock had previously closed at $56.75.

Invesco Large Cap Value ETF Stock Performance

The company has a market cap of $926.07 million, a PE ratio of 18.08 and a beta of 0.86. The company has a 50 day simple moving average of $59.48 and a two-hundred day simple moving average of $59.07.

Invesco Large Cap Value ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.409 per share. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Invesco Large Cap Value ETF’s previous dividend of $0.32.

Institutional Investors Weigh In On Invesco Large Cap Value ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in Invesco Large Cap Value ETF during the fourth quarter worth $14,691,000. Stonebridge Financial Group LLC bought a new position in shares of Invesco Large Cap Value ETF in the fourth quarter valued at approximately $6,209,000. Atlas Private Wealth Advisors raised its position in shares of Invesco Large Cap Value ETF by 17.1% in the fourth quarter. Atlas Private Wealth Advisors now owns 277,302 shares of the company’s stock valued at $15,774,000 after purchasing an additional 40,436 shares during the period. MSH Capital Advisors LLC acquired a new stake in shares of Invesco Large Cap Value ETF in the fourth quarter worth $1,027,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Invesco Large Cap Value ETF by 9.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 184,958 shares of the company’s stock worth $10,520,000 after buying an additional 16,567 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.