Invesco Large Cap Growth ETF (NYSEARCA:PWB) Sets New 52-Week High – Still a Buy?

Invesco Large Cap Growth ETF (NYSEARCA:PWB)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $157.58 and last traded at $157.58, with a volume of 1865 shares. The stock had previously closed at $154.71.

Invesco Large Cap Growth ETF Price Performance

The company has a market cap of $2.07 billion, a price-to-earnings ratio of 40.15 and a beta of 1.22. The business’s fifty day moving average price is $140.55 and its 200 day moving average price is $133.96.

Hedge Funds Weigh In On Invesco Large Cap Growth ETF

A number of hedge funds have recently modified their holdings of the business. LPL Financial LLC lifted its holdings in shares of Invesco Large Cap Growth ETF by 10.6% during the fourth 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 during the period. Bank of America Corp DE lifted its holdings in Invesco Large Cap Growth ETF by 1.4% in the first quarter. Bank of America Corp DE now owns 442,993 shares of the company’s stock valued at $55,786,000 after buying an additional 5,962 shares during the period. Raymond James Financial Inc. lifted its holdings in Invesco Large Cap Growth ETF by 6.8% in the second quarter. Raymond James Financial Inc. now owns 405,631 shares of the company’s stock valued at $47,637,000 after buying an additional 25,755 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco Large Cap Growth ETF by 6,494.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 341,154 shares of the company’s stock valued at $43,364,000 after buying an additional 335,981 shares during the period. Finally, ACT Wealth Management LLC lifted its holdings in Invesco Large Cap Growth ETF by 6.9% in the fourth quarter. ACT Wealth Management LLC now owns 208,072 shares of the company’s stock valued at $26,448,000 after buying an additional 13,442 shares during the period.

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.