Invesco Large Cap Growth ETF (NYSEARCA:PWB) Sets New 1-Year High – Should You Buy?

Invesco Large Cap Growth ETF (NYSEARCA:PWB)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $132.33 and last traded at $132.33, with a volume of 5594 shares changing hands. The stock had previously closed at $131.57.

Invesco Large Cap Growth ETF Price Performance

The stock 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 moving average is $127.43 and its 200 day moving average is $123.89.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in Invesco Large Cap Growth ETF by 25.9% during the first quarter. Goldman Sachs Group Inc. now owns 126,772 shares of the company’s stock valued at $12,175,000 after acquiring an additional 26,094 shares during the period. Jane Street Group LLC acquired a new position in shares of Invesco Large Cap Growth ETF in the 1st quarter valued at about $319,000. Focus Financial Network Inc. lifted its stake in shares of Invesco Large Cap Growth ETF by 2.8% in the 2nd quarter. Focus Financial Network Inc. now owns 10,587 shares of the company’s stock valued at $1,243,000 after purchasing an additional 284 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Invesco Large Cap Growth ETF by 80.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,295 shares of the company’s stock worth $270,000 after purchasing an additional 1,020 shares during the period. Finally, Fifth Third Securities Inc. purchased a new stake in shares of Invesco Large Cap Growth ETF during the 2nd quarter worth about $951,000.

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.