Invesco Large Cap Growth ETF

PWB

Market cap $2.3B

Launched on 03/03/2005, the Invesco Large Cap Growth ETF (PWB) is a smart beta exchange traded fund offering broad exposure to the Style Box - Large Cap Growth category of the market.

The Invesco Large Cap Growth ETF (PWB) was launched on March 3, 2005, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Growth segment of the US equity market.

The headline number for the Invesco Large Cap Growth ETF (NASDAQ:PWB) this year stands at roughly 23% year to date, pulled at the close on Tuesday, well short of the 28% figure circulating in screenshots, with the fund moving from $127.11 on December 31, 2025 to $155.78 on June 9, 2026.

Invesco Large Cap Growth ETF is rated a buy, positioned to exploit tech-driven uptrends with a dynamic, concentrated portfolio. PWB's quarterly rebalancing enables agile exposure to high-growth tech and semiconductor stocks, supporting robust capital appreciation potential. The ETF has outperformed peers, delivering a 120% three-year return and 45% twelve-month return, with strong momentum and technical indicators.

Invesco Large Cap Growth ETF is a passive, factor-based ETF tracking large-cap growth equities via the Intellidex methodology. The growth style factor at present is at elevated levels. The growth-to-value valuation spread is at near multi-decade highs, indicating extreme style divergence and increasing the probability of mean reversion in relative returns. Recent outperformances (~21% 5-year CAGR) should be viewed with caution rather than comfort, as return pull-forward implies future returns are likely to normalize or compress due to stretched valuations.

Looking for broad exposure to the Large Cap Growth segment of the US equity market? You should consider the Invesco Large Cap Growth ETF (PWB), a passively managed exchange traded fund launched on March 3, 2005.

Invesco Large Cap Growth ETF hits a 52-week high, surging 53% from lows as tech-driven momentum.

Most large cap growth ETFs hand you a market-cap-weighted slice of the same mega-cap names and call it a day.

Three tech ETFs are telling three very different stories in 2026, and the divergence reflects a market that is rewarding focus over breadth.

Designed to provide broad exposure to the Large Cap Growth segment of the US equity market, the Invesco Large Cap Growth ETF (PWB) is a passively managed exchange traded fund launched on March 3, 2005.