Invesco Large Cap Growth ETF (NYSEARCA:PWB) Sets New 12-Month High – Here’s Why

Invesco Large Cap Growth ETF (NYSEARCA:PWB) reached a new 52-week high on Wednesday . The company traded as high as $149.77 and last traded at $149.31, with a volume of 117761 shares trading hands. The stock had previously closed at $147.44.

Invesco Large Cap Growth ETF Stock Up 1.3%

The stock has a 50-day simple moving average of $134.97 and a two-hundred day simple moving average of $131.51. The firm has a market cap of $1.95 billion, a PE ratio of 40.15 and a beta of 1.22.

Institutional Investors Weigh In On Invesco Large Cap Growth ETF

A number of large investors have recently added to or reduced their stakes in PWB. Goldman Sachs Group Inc. raised its position in Invesco Large Cap Growth ETF by 25.9% during the first quarter. Goldman Sachs Group Inc. now owns 126,772 shares of the company’s stock valued at $12,175,000 after purchasing an additional 26,094 shares in the last quarter. Jane Street Group LLC purchased a new stake in Invesco Large Cap Growth ETF during the first quarter valued at about $319,000. JPMorgan Chase & Co. raised its position in Invesco Large Cap Growth ETF by 72.6% during the second quarter. JPMorgan Chase & Co. now owns 2,321 shares of the company’s stock valued at $273,000 after purchasing an additional 976 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in Invesco Large Cap Growth ETF during the second quarter valued at about $470,000. Finally, Raymond James Financial Inc. raised its position in Invesco Large Cap Growth ETF by 6.8% during the second quarter. Raymond James Financial Inc. now owns 405,631 shares of the company’s stock valued at $47,637,000 after purchasing an additional 25,755 shares in 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.