Invesco Large Cap Growth ETF (NYSEARCA:PWB) Hits New 12-Month High – What’s Next?

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

Invesco Large Cap Growth ETF Stock Performance

The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 40.15 and a beta of 1.22. The stock’s 50-day simple moving average is $137.17 and its two-hundred day simple moving average is $132.65.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Alamar Capital Management LLC acquired a new position in Invesco Large Cap Growth ETF during the 1st quarter worth $283,000. Cetera Investment Advisers lifted its position in Invesco Large Cap Growth ETF by 23.1% during the 1st quarter. Cetera Investment Advisers now owns 66,501 shares of the company’s stock worth $8,374,000 after acquiring an additional 12,478 shares during the last quarter. Envision Financial Transparency LLC acquired a new position in Invesco Large Cap Growth ETF during the 1st quarter worth $965,000. Cassaday & Co Wealth Management LLC acquired a new position in Invesco Large Cap Growth ETF during the 1st quarter worth $145,000. Finally, Assetmark Inc. lifted its position in Invesco Large Cap Growth ETF by 111.6% during the 1st quarter. Assetmark Inc. now owns 1,037 shares of the company’s stock worth $131,000 after acquiring an additional 547 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.