Invesco Large Cap Growth ETF (NYSEARCA:PWB) Sets New 12-Month High – Should You Buy?

Shares of Invesco Large Cap Growth ETF (NYSEARCA:PWB) hit a new 52-week high during trading on Tuesday . The company traded as high as $131.84 and last traded at $131.84, with a volume of 20267 shares trading hands. The stock had previously closed at $129.85.

Invesco Large Cap Growth ETF Stock Up 1.7%

The company has a market cap of $1.47 billion, a price-to-earnings ratio of 40.15 and a beta of 1.12. The firm’s 50 day simple moving average is $127.20 and its 200 day simple moving average is $123.09.

Institutional Trading of Invesco Large Cap Growth ETF

Several institutional investors have recently modified their holdings of PWB. Beacon Capital Management Inc. acquired a new position in Invesco Large Cap Growth ETF during the second quarter worth about $34,000. CX Institutional acquired a new position in shares of Invesco Large Cap Growth ETF in the 3rd quarter worth approximately $44,000. Beaird Harris Wealth Management LLC acquired a new position in shares of Invesco Large Cap Growth ETF in the 3rd quarter worth approximately $45,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of Invesco Large Cap Growth ETF in the 3rd quarter worth approximately $60,000. Finally, AE Wealth Management LLC lifted its stake in Invesco Large Cap Growth ETF by 396.9% during the second quarter. AE Wealth Management LLC now owns 959 shares of the company’s stock valued at $113,000 after purchasing an additional 766 shares during the last quarter.

Invesco Large Cap Growth ETF Company Profile

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.