Private Advisor Group LLC Increases Its Position in Invesco Large Cap Growth ETF

During the 3rd quarter, Private Advisor Group LLC has strategically increased its holdings in the Invesco Large Cap Growth ETF (NYSEARCA:PWB), indicating a positive outlook on the fund's performance. An official document filed with the Securities and Exchange Commission (SEC) revealed that the firm's investment in PWB grew by 7.7%, resulting in the ownership of 107,844 shares. This change came after acquiring an additional 7,713 shares in the quarter under review.

Investment Activities by Various Firms

Other prominent investors have also adjusted their stakes in PWB. Equitable Holdings Inc. enhanced its shares by 1.4% in the 1st quarter, owning 21,083 shares. Flow Traders U.S. LLC raised its investment by 6.2%, now holding 3,162 shares. Additionally, UBS Group AG saw a 4.0% increase, with a new total of 241,814 shares, while Atria Wealth Solutions Inc. initiated a new stake. Royal Bank of Canada notably augmented its position by 11.4%, now possessing 143,916 shares of PWB.

PWB's Market Performance

As a snapshot of its recent performance, PWB opened at $81.34 on the latest trading day. The ETF has experienced a low of $60.58 and a high of $81.66 over the past year, suggesting volatility within a range of growth interests. PWB's market cap stands at $747.51 million, with a price-to-earnings (P/E) ratio of 23.79 and a beta measurement of 1.01, indicating its market movement relative to the overall market. Furthermore, the ETF's simple moving averages over 50 and 200 days are $76.77 and $72.30, respectively.

PrivateAdvisorGroup, InvescoETF, Investment