Commonwealth Equity Services LLC Trims Stock Holdings in Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA)

Commonwealth Equity Services LLC lowered its holdings in shares of Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) by 5.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 46,669 shares of the company’s stock after selling 2,519 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Invesco Bloomberg Pricing Power ETF were worth $3,793,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Delos Wealth Advisors LLC increased its position in shares of Invesco Bloomberg Pricing Power ETF by 5.7% during the third quarter. Delos Wealth Advisors LLC now owns 34,680 shares of the company’s stock worth $2,944,000 after acquiring an additional 1,863 shares during the period. Raymond James Financial Inc. purchased a new position in Invesco Bloomberg Pricing Power ETF during the 4th quarter worth $1,405,000. IHT Wealth Management LLC raised its position in Invesco Bloomberg Pricing Power ETF by 60.6% during the 3rd quarter. IHT Wealth Management LLC now owns 16,183 shares of the company’s stock valued at $1,369,000 after purchasing an additional 6,106 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Invesco Bloomberg Pricing Power ETF by 1.2% in the 3rd quarter. HighTower Advisors LLC now owns 14,921 shares of the company’s stock worth $1,264,000 after buying an additional 175 shares during the period. Finally, IMC Chicago LLC purchased a new position in shares of Invesco Bloomberg Pricing Power ETF during the fourth quarter valued at $880,000.

Invesco Bloomberg Pricing Power ETF Price Performance

POWA stock opened at $82.28 on Tuesday. Invesco Bloomberg Pricing Power ETF has a 1-year low of $74.07 and a 1-year high of $87.68. The business has a 50-day moving average price of $83.28 and a 200 day moving average price of $83.87. The company has a market capitalization of $184.31 million, a P/E ratio of 27.13 and a beta of 0.87.

Invesco Bloomberg Pricing Power ETF Company Profile

The Invesco Bloomberg Pricing Power ETF (POWA) is an exchange-traded fund that is based on the Bloomberg Pricing Power index. The fund selects US large- and mid-cap stocks of companies considered well-positioned to maintain stable profit margins in all market conditions. Stocks satisfying a four factor screening process are included in the index, on an equal-weight basis POWA was launched on Dec 15, 2006 and is issued by Invesco.