Invesco Large Cap Growth ETF (PWB) Stock | PWB Stock Price & Analysis

PWB

Invesco Large Cap Growth ETF PWB · AMEX

$136.45 +1.71% (+$2.30)

Summary

Invesco Large Cap Growth ETF is an ETF - a fund traded on an exchange like a stock - run by Invesco. Positions inside: 53. The ten largest make up 39% of the fund.

Yearly costs: 0.55%
Fund size: $2.52B
Positions: 53
Running since: 2005

What speaks for it

A large fund with $2.52B under management.
Easy to buy and sell: about $14.6M changes hands a day.
Average yearly growth over the last ten years: 16%.
It has been running since 2005.

What to watch

100% of the fund is in one country (United States).
Costs of 0.55% a year are above the middle of comparable funds (0.44%).
In the last five years its price once dropped by 31% from its high.

A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.

1 month: -17%
3 months: -15%
This year: +7.3%
1 year: +7.4%
3 years: +92%
5 years: +69%
10 years: +332%

Avg. market cap: $947.5B
P/E: 28.1x
Forward P/E: 25.1x
P/S: 5.2x
P/B: 8.9x
P/FCF: 32.4x
EV/EBITDA: 20.1x
Dividend yield: 0.60%
ROIC: 23.3%
ROE: 57.2%
Gross margin: 50.8%
Operating margin: 29.7%
Net margin: 24.8%
Payout ratio: 17.0%
Net debt/EBITDA: 0.4x
Beta: 1.24

Weighted average of the 50 largest companies, which make up 100% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.

What is inside?

Moderately concentrated

1
CO
Costco COST 4.3%
2
AA
Apple AAPL 4.3%
3
LL
Eli Lilly LLY 4.3%
4
V
Visa V 4.3%
5
MA
Mastercard MA 4.2%
6
ME
Meta META 4.1%
7
AM
Amazon AMZN 3.9%
8
NV
Nvidia NVDA 3.3%
9
AM
AMD AMD 3.3%
10
AV
Broadcom AVGO 3.2%

Positions in the fund: 53. The ten largest make up 39% of it.

Composition as of Nov 6, 2026.

Where is it spread?

One country

By country

United States 100%

By company size

Mega cap 62%
Large cap 38%

By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.

Largest country: United States (100%). Largest size group: Mega cap (62%).

What does it cost me?

Expensive

This fund 0.55%

Middle of comparable ETFs 0.44%

A year from $10,000: $55.00
Over 20 years: $2,646

From every $10,000 invested the fund takes $55.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,646.

How has it done?

Growing over the long run

+20%

-26%

+30%

+31%

+25%

20212022202320242025

A year on average, 10 years: +16%
Deepest drop: -31%
Yearly volatility: 27%

Average yearly growth over the last ten years: 16%. Deepest drop in these years: 31% below the earlier high.

Does it pay dividends?

Yes, it pays out

0.03

0.19

0.29

0.08

0.00

20212022202320242025

Payments a year: 1
Last payment: $0.00

The last payment was $0.00 on Jun 23, 2025.

Is it easy to buy and sell?

Very easy

Traded a day: $14.6M
Shares a day: 107K

On an average day about $14.6M of the fund changes hands.

How expensive are the companies inside?

Rather expensive

P/E of the companies inside: 28.1
Average Bulios Score: 71 out of 100

Weight by Bulios Fair Price

Undervalued 3.7%
Fairly valued 7.4%
Overvalued 89%

On average the companies inside trade for 28.1 times their yearly profit. By Fair Price, 89% of the rated weight comes out as overvalued.

Counted from its largest companies (50), which make up 100% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.

Similar funds

Funds that hold much of the same. The overlap says how much of their weight they share with this fund.

Fund	Domicile		Size	1-year change	Dividends
HE HEMI Hartford Equity Premium Income ETF	United States	0.58%	$35.7M	-	Pays out	52%
BA BAMG Brookstone Growth Stock ETF	United States	0.95%	$125.9M	+7.5%	Pays out	49%
GR GROZ Zacks Trust - Zacks Focus Growth ETF	United States	1.14%	$115.0M	+3.2%	-	49%
GA GARP iShares MSCI USA Quality GARP ETF	United States	0.15%	$2.52B	+10%	Pays out	48%
IW IWY iShares Russell Top 200 Growth ETF	United States	0.20%	$14.2B	-4.5%	Pays out	47%
GG GGUS Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF	United States	0.12%	$463.8M	-4.0%	Pays out	47%

About the fund

The Invesco Large Cap Growth ETF (PWB) aims to track the performance of the Dynamic Large Cap Growth Intellidex Index. Typically, the ETF allocates a minimum of 90% of its assets to the common stocks featured in this underlying index. The Index's objective is to generate capital growth, ensuring a precise and consistent alignment with its designated investment style. This is achieved through the Style Intellidexes' robust 10-factor analysis, which meticulously categorizes companies based on their distinct investment style and market capitalization. Both the Fund and its benchmark index undergo rebalancing and reevaluation on a quarterly schedule, specifically in February, May, August, and November. According to Morningstar Inc., as of August 31, 2025, the Fund achieved an overall 4-star rating among 1031 evaluated funds. Its performance over various periods also earned 4 stars for the 3-year period (out of 1031 funds), 4 stars for the 5-year period (out of 958 funds), and 3 stars for the 10-year period (out of 762 funds). These Morningstar ratings evaluate a fund's risk-adjusted returns, prioritizing consistent performance and heavily weighing negative monthly fluctuations. For comparative analysis, both open-end mutual funds and ETFs are grouped together. A fund must possess at least three years of operational history to qualify for a rating. The overall star rating is a composite, weighted average of the 3-, 5-, and 10-year metrics where available, accounting for all fees and expenses but excluding sales charges. It's important to note that all Morningstar information is proprietary and copyrighted by Morningstar Inc. (©2025). This content cannot be reproduced or distributed and its accuracy, completeness, or timeliness is not guaranteed. Morningstar and its data providers disclaim responsibility for any losses incurred from the use of this information. Investors should remember that historical performance is not indicative of future outcomes. Within any given category, the top 10% of funds receive five stars, the subsequent 22.5% receive four stars, the middle 35% receive three stars, the next 22.5% receive two stars, and the lowest 10% receive one star. These ratings are dynamic and updated monthly. If certain fees had not been waived or expenses reimbursed, either currently or historically, the assigned Morningstar rating for this fund would have been lower. Furthermore, different share classes of the fund may exhibit varied performance characteristics, leading to potentially different ratings.

Issuer: Invesco
Asset class: Equity
Domicile: United States
Launched: Mar 3, 2005
Net asset value per share: $147.74

Fund page at the issuer

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By country

By company size

Weight by Bulios Fair Price