Parallel Advisors LLC Makes New $2 Million Investment in Invesco Large Cap Growth ETF $PWB

Parallel Advisors LLC bought a new stake in Invesco Large Cap Growth ETF (NYSEARCA:PWB) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,334 shares of the company’s stock, valued at approximately $2,000,000.

A number of other institutional investors have also recently added to or reduced their stakes in PWB. Harmony Asset Management LLC increased its stake in Invesco Large Cap Growth ETF by 2.1% during the first quarter. Harmony Asset Management LLC now owns 6,471 shares of the company’s stock worth $815,000 after acquiring an additional 132 shares during the last quarter. Waverly Advisors LLC raised its holdings in shares of Invesco Large Cap Growth ETF by 1.9% in the 1st quarter. Waverly Advisors LLC now owns 8,854 shares of the company’s stock worth $1,115,000 after purchasing an additional 166 shares during the period. Focus Financial Network Inc. lifted its stake in shares of Invesco Large Cap Growth ETF by 1.8% in the 2nd quarter. Focus Financial Network Inc. now owns 11,508 shares of the company’s stock valued at $1,939,000 after purchasing an additional 204 shares in the last quarter. Western Wealth Management LLC lifted its stake in shares of Invesco Large Cap Growth ETF by 11.3% in the 1st quarter. Western Wealth Management LLC now owns 2,797 shares of the company’s stock valued at $352,000 after purchasing an additional 285 shares in the last quarter. Finally, CX Institutional acquired a new position in shares of Invesco Large Cap Growth ETF in the 3rd quarter valued at about $57,000.

Invesco Large Cap Growth ETF Stock Performance

Shares of NYSEARCA:PWB opened at $143.59 on Tuesday. Invesco Large Cap Growth ETF has a 1 year low of $118.50 and a 1 year high of $169.01. The stock has a market capitalization of $2.43 billion, a P/E ratio of 40.15 and a beta of 1.24. The stock has a 50-day simple moving average of $155.78 and a 200-day simple moving average of $149.40.

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.