Invesco Large Cap Growth ETF (NYSEARCA:PWB) Reaches New 52-Week High – Still a Buy?

Invesco Large Cap Growth ETF (NYSEARCA:PWB) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $139.39 and last traded at $139.34, with a volume of 3645 shares trading hands. The stock had previously closed at $136.53.

Invesco Large Cap Growth ETF Price Performance

The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 40.15 and a beta of 1.18. The firm’s 50-day simple moving average is $132.04 and its 200 day simple moving average is $129.71.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. MidFirst Bank acquired a new position in Invesco Large Cap Growth ETF during the fourth quarter valued at approximately $31,000. Beacon Capital Management Inc. acquired a new position in Invesco Large Cap Growth ETF during the second quarter valued at approximately $34,000. Fortitude Family Office LLC acquired a new position in Invesco Large Cap Growth ETF during the fourth quarter valued at approximately $40,000. CX Institutional acquired a new position in Invesco Large Cap Growth ETF during the third quarter valued at approximately $44,000. Finally, Beaird Harris Wealth Management LLC acquired a new position in Invesco Large Cap Growth ETF during the third quarter valued at approximately $45,000.

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.