Invesco Large Cap Growth ETF (NYSEARCA:PWB) Hits New 1-Year High – Should You 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 $135.07 and last traded at $134.40, with a volume of 18641 shares traded. The stock had previously closed at $133.66.

Invesco Large Cap Growth ETF Stock Up 0.6%

The business has a 50-day simple moving average of $128.44 and a 200-day simple moving average of $124.87. The company has a market cap of $1.51 billion, a PE ratio of 40.15 and a beta of 1.12.

Hedge Funds Weigh In On Invesco Large Cap Growth ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Beacon Capital Management Inc. purchased a new stake in Invesco Large Cap Growth ETF during the 2nd quarter worth approximately $34,000. Fortitude Family Office LLC acquired a new stake in shares of Invesco Large Cap Growth ETF in the fourth quarter valued at about $40,000. CX Institutional purchased a new position in shares of Invesco Large Cap Growth ETF in the third quarter worth about $44,000. Beaird Harris Wealth Management LLC purchased a new stake in Invesco Large Cap Growth ETF during the 3rd quarter valued at about $45,000. Finally, Grey Fox Wealth Advisors LLC purchased a new position in Invesco Large Cap Growth ETF in the 3rd quarter worth approximately $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.