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For investors seeking momentum, Invesco Large Cap Growth ETF (PWB - Free Report) is probably on the radar. The fund just hit a 52-week high and is up 42.5% from its 52-week low of $74.41 per share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:
PWB in Focus
Invesco Large Cap Growth ETF offers exposure to the growth segment of the large-cap U.S. stock market. It has key holdings in information technology, financial, industrials and consumer services. Invesco Large Cap Growth ETF charges 53 bps in annual fees (see: all the Large-Cap Growth ETFs here).
Why the Move?
The large-cap growth corner of the broad investing world has been an area to watch lately, given the surge in the stock market. The Dow Jones and the S&P 500 Index hit new record highs on President-elect Donald Trump’s pro-growth policies optimism. In particular, growth stocks tend to outperform in a trending market (i.e., a market characterized by a prolonged uptrend).
More Gains Ahead?
Currently, PWB has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook, suggesting that the outperformance could continue in the months ahead. Many spaces that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those who want to ride this surging ETF a little further.
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Large-Cap Growth ETF (PWB) Hits New 52-Week High
For investors seeking momentum, Invesco Large Cap Growth ETF (PWB - Free Report) is probably on the radar. The fund just hit a 52-week high and is up 42.5% from its 52-week low of $74.41 per share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:
PWB in Focus
Invesco Large Cap Growth ETF offers exposure to the growth segment of the large-cap U.S. stock market. It has key holdings in information technology, financial, industrials and consumer services. Invesco Large Cap Growth ETF charges 53 bps in annual fees (see: all the Large-Cap Growth ETFs here).
Why the Move?
The large-cap growth corner of the broad investing world has been an area to watch lately, given the surge in the stock market. The Dow Jones and the S&P 500 Index hit new record highs on President-elect Donald Trump’s pro-growth policies optimism. In particular, growth stocks tend to outperform in a trending market (i.e., a market characterized by a prolonged uptrend).
More Gains Ahead?
Currently, PWB has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook, suggesting that the outperformance could continue in the months ahead. Many spaces that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those who want to ride this surging ETF a little further.