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

Invesco Large Cap Growth ETF (NYSEARCA:PWB) hit a new 52-week high on Monday . The company 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 Price Performance

The company has a market capitalization of $2.18 billion, a P/E ratio of 40.15 and a beta of 1.23. The firm has a fifty day moving average price of $152.68 and a 200-day moving average price of $138.67.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PWB. Western Wealth Management LLC grew its position in Invesco Large Cap Growth ETF by 11.3% during the first quarter. Western Wealth Management LLC now owns 2,797 shares of the company’s stock valued at $352,000 after buying an additional 285 shares during the period. NewEdge Advisors LLC boosted its stake in Invesco Large Cap Growth ETF by 2,227.0% in the first quarter. NewEdge Advisors LLC now owns 6,632 shares of the company’s stock valued at $835,000 after acquiring an additional 6,347 shares during the last quarter. First Nebraska Trust Co bought a new position in shares of Invesco Large Cap Growth ETF during the 1st quarter valued at approximately $232,000. Bank of America Corp DE grew its position in shares of Invesco Large Cap Growth ETF by 1.4% during the 1st quarter. Bank of America Corp DE now owns 442,993 shares of the company’s stock valued at $55,786,000 after acquiring an additional 5,962 shares during the period. Finally, Claris Financial LLC increased its stake in shares of Invesco Large Cap Growth ETF by 14.7% during the 1st quarter. Claris Financial LLC now owns 6,826 shares of the company’s stock worth $860,000 after purchasing an additional 874 shares during 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.