Invesco Large Cap Growth ETF (NYSEARCA:PWB) Reaches New 52-Week High – Time to Buy?

Invesco Large Cap Growth ETF (NYSEARCA:PWBGet Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $169.01 and last traded at $169.01, with a volume of 3358 shares. The stock had previously closed at $166.63.

Invesco Large Cap Growth ETF Stock Up 0.3%

The stock has a market capitalization of $2.18 billion, a P/E ratio of 40.15 and a beta of 1.23. The business’s 50 day simple moving average is $152.68 and its two-hundred day simple moving average is $138.67.

Hedge Funds Weigh In On Invesco Large Cap Growth ETF

Large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco Large Cap Growth ETF by 6,494.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 341,154 shares of the company’s stock valued at $43,364,000 after purchasing an additional 335,981 shares in the last quarter. LPL Financial LLC grew its position in Invesco Large Cap Growth ETF by 10.6% in the 4th quarter. LPL Financial LLC now owns 1,371,487 shares of the company’s stock worth $174,330,000 after purchasing an additional 130,950 shares in the last quarter. Ameriprise Financial Inc. grew its position in Invesco Large Cap Growth ETF by 100.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 176,909 shares of the company’s stock worth $22,190,000 after purchasing an additional 88,580 shares in the last quarter. Ethos Financial Group LLC bought a new stake in Invesco Large Cap Growth ETF in the 1st quarter worth about $7,089,000. Finally, Truist Financial Corp increased its stake in Invesco Large Cap Growth ETF by 85.1% in the 4th quarter. Truist Financial Corp now owns 92,445 shares of the company’s stock valued at $11,751,000 after buying an additional 42,514 shares during the last quarter.

About Invesco Large Cap Growth ETF

(Get Free Report)

The Invesco Dynamic Large Cap Growth ETF (PWB) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that uses a multifactor selection methodology to select large-cap stocks with growth characteristics. PWB was launched on Mar 3, 2005 and is managed by Invesco.

Further Reading

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