Invesco Large Cap Growth ETF (NYSEARCA:PWB) Sets New 52-Week High – What’s Next?

Invesco Large Cap Growth ETF (NYSEARCA:PWB) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $144.70 and last traded at $144.64, with a volume of 85899 shares traded. The stock had previously closed at $142.94.

Invesco Large Cap Growth ETF Stock Up 1.3%

The stock has a 50 day simple moving average of $133.16 and a 200 day simple moving average of $130.45. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 40.15 and a beta of 1.18.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PWB. Harbor Asset Planning Inc. raised its stake in Invesco Large Cap Growth ETF by 33.9% during the first quarter. Harbor Asset Planning Inc. now owns 2,569 shares of the company’s stock valued at $324,000 after buying an additional 651 shares in the last quarter. Balance Wealth LLC acquired a new stake in Invesco Large Cap Growth ETF during the first quarter valued at approximately $205,000. Kestra Private Wealth Services LLC raised its stake in Invesco Large Cap Growth ETF by 1.9% during the first quarter. Kestra Private Wealth Services LLC now owns 5,437 shares of the company’s stock valued at $685,000 after buying an additional 101 shares in the last quarter. RFG Advisory LLC acquired a new stake in Invesco Large Cap Growth ETF during the first quarter valued at approximately $1,235,000. Finally, Founders Financial Securities LLC raised its stake in Invesco Large Cap Growth ETF by 55.8% during the first quarter. Founders Financial Securities LLC now owns 11,083 shares of the company’s stock valued at $1,510,000 after buying an additional 3,969 shares in the last quarter.

About Invesco Large Cap Growth ETF

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.