Cornerstone Wealth Management LLC Buys New Position in Invesco Large Cap Growth ETF $PWB

Cornerstone Wealth Management LLC bought a new position in shares of Invesco Large Cap Growth ETF (NYSEARCA:PWB) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 143,763 shares of the company’s stock, valued at approximately $23,311,000. Invesco Large Cap Growth ETF makes up 1.0% of Cornerstone Wealth Management LLC’s holdings, making the stock its 15th biggest position. Cornerstone Wealth Management LLC owned 0.84% of Invesco Large Cap Growth ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PWB. Parallel Advisors LLC acquired a new position in shares of Invesco Large Cap Growth ETF in the third quarter worth $2,000,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Invesco Large Cap Growth ETF in the third quarter valued at $117,000. Alamar Capital Management LLC purchased a new position in Invesco Large Cap Growth ETF in the third quarter valued at $366,000. Ullmann Wealth Partners Group LLC purchased a new position in Invesco Large Cap Growth ETF in the third quarter valued at $3,571,000. Finally, Horizon Wealth Management LLC purchased a new position in Invesco Large Cap Growth ETF in the third quarter valued at $288,000.

Invesco Large Cap Growth ETF Price Performance

PWB opened at $143.27 on Wednesday. Invesco Large Cap Growth ETF has a 12 month low of $118.50 and a 12 month high of $169.01. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 40.15 and a beta of 1.24. The business has a fifty day moving average price of $155.55 and a 200 day moving average price of $149.45.

Invesco Large Cap Growth ETF 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.