Invesco Large Cap Growth ETF (NYSEARCA:PWB) Reaches New 12-Month High – Here’s Why

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

Invesco Large Cap Growth ETF Stock Up 0.9%

The stock has a market capitalization of $1.48 billion, a P/E ratio of 40.15 and a beta of 1.12. The stock has a 50 day simple moving average of $127.24 and a two-hundred day simple moving average of $123.59.

Hedge Funds Weigh In On Invesco Large Cap Growth ETF

Institutional investors have recently added to or reduced their stakes in the company. National Wealth Management Group LLC raised its position in Invesco Large Cap Growth ETF by 4.3% during the fourth quarter. National Wealth Management Group LLC now owns 3,384 shares of the company’s stock worth $430,000 after acquiring an additional 138 shares in the last quarter. Focus Financial Network Inc. increased its stake in shares of Invesco Large Cap Growth ETF by 9.7% during the 4th quarter. Focus Financial Network Inc. now owns 11,437 shares of the company’s stock worth $1,454,000 after purchasing an additional 1,009 shares during the last quarter. Firethorn Wealth Partners LLC bought a new stake in shares of Invesco Large Cap Growth ETF in the 4th quarter valued at about $1,798,000. Wealth Enhancement Advisory Services LLC lifted its stake in Invesco Large Cap Growth ETF by 13.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,705 shares of the company’s stock valued at $357,000 after purchasing an additional 317 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in Invesco Large Cap Growth ETF in the 4th quarter valued at about $680,000.

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.