Invesco Large Cap Growth ETF (NYSEARCA:PWB) Sets New 1-Year High – Still a Buy?

Invesco Large Cap Growth ETF (NYSEARCA:PWB)’s stock price reached a new 52-week high on Monday . The company traded as high as $169.01 and last traded at $169.01, with a volume of 3358 shares. The stock had previously closed at $166.63.

Invesco Large Cap Growth ETF Stock Performance

The company has a market capitalization of $2.10 billion, a P/E ratio of 40.15 and a beta of 1.23. The company’s fifty day simple moving average is $153.82 and its 200-day simple moving average is $139.20.

Hedge Funds Weigh In On Invesco Large Cap Growth ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its stake in Invesco Large Cap Growth ETF by 25.9% in the first quarter. Goldman Sachs Group Inc. now owns 126,772 shares of the company’s stock worth $12,175,000 after buying an additional 26,094 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Invesco Large Cap Growth ETF in the 1st quarter valued at $319,000. JPMorgan Chase & Co. increased its holdings in shares of Invesco Large Cap Growth ETF by 72.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,321 shares of the company’s stock valued at $273,000 after acquiring an additional 976 shares during the period. Darwin Wealth Management LLC bought a new position in shares of Invesco Large Cap Growth ETF in the 2nd quarter worth $470,000. Finally, Raymond James Financial Inc. raised its position in shares of Invesco Large Cap Growth ETF by 6.8% in the 2nd quarter. Raymond James Financial Inc. now owns 405,631 shares of the company’s stock worth $47,637,000 after acquiring 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.