ACT Wealth Management LLC Acquires 195,922 Shares of Invesco Large Cap Growth ETF $PWB

ACT Wealth Management LLC acquired a new position in shares of Invesco Large Cap Growth ETF (NYSEARCA:PWB) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 195,922 shares of the company’s stock, valued at approximately $31,769,000. Invesco Large Cap Growth ETF makes up about 9.4% of ACT Wealth Management LLC’s holdings, making the stock its 4th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PWB. MidFirst Bank purchased a new stake in shares of Invesco Large Cap Growth ETF during the 4th quarter worth approximately $31,000. Sunbelt Securities Inc. bought a new position in Invesco Large Cap Growth ETF during the first quarter valued at $53,000. CX Institutional bought a new stake in shares of Invesco Large Cap Growth ETF in the third quarter valued at $57,000. GoalVest Advisory LLC bought a new stake in shares of Invesco Large Cap Growth ETF in the third quarter valued at $67,000. Finally, Assetmark Inc. lifted its position in shares of Invesco Large Cap Growth ETF by 111.6% during the 1st quarter. Assetmark Inc. now owns 1,037 shares of the company’s stock valued at $131,000 after buying an additional 547 shares during the last quarter.

Invesco Large Cap Growth ETF Stock Performance

PWB stock opened at $163.30 on Friday. The stock has a fifty day moving average of $158.72 and a 200-day moving average of $153.79. Invesco Large Cap Growth ETF has a fifty-two week low of $118.50 and a fifty-two week high of $169.01. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 40.15 and a beta of 1.22.

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.