Invesco Large Cap Value ETF (NYSEARCA:PWV) Sets New 52-Week Low – Time to Sell?

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

Invesco Large Cap Value ETF Stock Performance

The firm has a market cap of $926.07 million, a price-to-earnings ratio of 18.08 and a beta of 0.86. The stock has a 50-day moving average of $59.48 and a 200-day moving average of $59.07.

Invesco Large Cap Value ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Private Trust Co. NA bought a new position in Invesco Large Cap Value ETF in the fourth quarter valued at approximately $30,000. Glenmede Trust Co. NA boosted its holdings in shares of Invesco Large Cap Value ETF by 237.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,848 shares of the company’s stock valued at $108,000 after buying an additional 1,300 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Invesco Large Cap Value ETF by 62.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,505 shares of the company’s stock valued at $199,000 after buying an additional 1,341 shares in the last quarter. Nestegg Advisors Inc. acquired a new position in Invesco Large Cap Value ETF during the fourth quarter worth $214,000. Finally, Farther Finance Advisors LLC acquired a new position in Invesco Large Cap Value ETF during the fourth quarter worth $216,000.

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.