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

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

Invesco Large Cap Growth ETF Price Performance

The stock’s 50 day simple moving average is $133.58 and its two-hundred day simple moving average is $130.65. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 40.15 and a beta of 1.18.

Hedge Funds Weigh In On Invesco Large Cap Growth ETF

Several institutional investors have recently added to or reduced their stakes in PWB. MidFirst Bank acquired a new position in Invesco Large Cap Growth ETF in the fourth quarter valued at about $31,000. Fortitude Family Office LLC acquired a new position in Invesco Large Cap Growth ETF in the fourth quarter valued at about $40,000. CX Institutional acquired a new position in Invesco Large Cap Growth ETF in the third quarter valued at about $44,000. Beaird Harris Wealth Management LLC acquired a new position in Invesco Large Cap Growth ETF in the third quarter valued at about $45,000. Finally, Grey Fox Wealth Advisors LLC acquired a new position in Invesco Large Cap Growth ETF in the third quarter valued at about $60,000.

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.