Invesco Large Cap Growth ETF (NYSEARCA:PWB) Hits New 12-Month High – Time to Buy?

Shares of Invesco Large Cap Growth ETF (NYSEARCA:PWB) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $155.54 and last traded at $155.17, with a volume of 129896 shares. The stock had previously closed at $153.83.

Invesco Large Cap Growth ETF Trading Up 0.9%

The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 40.15 and a beta of 1.22. The company has a fifty day moving average price of $136.40 and a two-hundred day moving average price of $132.26.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PWB. Goldman Sachs Group Inc. boosted its holdings in shares of Invesco Large Cap Growth ETF by 25.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 126,772 shares of the company’s stock worth $12,175,000 after purchasing an additional 26,094 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Invesco Large Cap Growth ETF during the 1st quarter worth approximately $319,000. JPMorgan Chase & Co. boosted its holdings in shares of Invesco Large Cap Growth ETF by 72.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,321 shares of the company’s stock worth $273,000 after purchasing an additional 976 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Invesco Large Cap Growth ETF during the 2nd quarter worth approximately $470,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of Invesco Large Cap Growth ETF by 6.8% during the 2nd quarter. Raymond James Financial Inc. now owns 405,631 shares of the company’s stock worth $47,637,000 after purchasing an additional 25,755 shares during the last quarter.

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.