Grimes & Company Inc. Invests $222,000 in Invesco Large Cap Value ETF (NYSEARCA:PWV)

Grimes & Company Inc. bought a new position in Invesco Large Cap Value ETF (NYSEARCA:PWV) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,912 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds have also modified their holdings of the stock. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Invesco Large Cap Value ETF by 8.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 177,316 shares of the company’s stock worth $8,997,000 after buying an additional 14,266 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Invesco Large Cap Value ETF by 62.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 139,289 shares of the company’s stock worth $6,519,000 after buying an additional 53,631 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in shares of Invesco Large Cap Value ETF by 9.8% in the 4th quarter. Arkadios Wealth Advisors now owns 129,944 shares of the company’s stock worth $6,593,000 after buying an additional 11,544 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Invesco Large Cap Value ETF by 42.8% in the 4th quarter. Raymond James & Associates now owns 52,846 shares of the company’s stock worth $2,681,000 after buying an additional 15,841 shares in the last quarter. Finally, Cooksen Wealth LLC acquired a new stake in Invesco Large Cap Value ETF during the 4th quarter valued at $2,654,000.

Invesco Large Cap Value ETF Stock Up 0.7 %

PWV stock traded up $0.38 during midday trading on Friday, reaching $55.04. 39,494 shares of the company’s stock traded hands, compared to its average volume of 43,101. The company has a 50-day simple moving average of $55.16 and a two-hundred day simple moving average of $53.67. Invesco Large Cap Value ETF has a 1-year low of $43.93 and a 1-year high of $57.22. The company has a market cap of $889.45 million, a price-to-earnings ratio of 17.51 and a beta of 0.69.

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.