IHT Wealth Management LLC lifted its holdings in shares of Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA – Free Report) by 60.6% during the third quarter, Holdings Channel.com reports. The firm owned 16,183 shares of the company’s stock after acquiring an additional 6,106 shares during the quarter. IHT Wealth Management LLC’s holdings in Invesco Bloomberg Pricing Power ETF were worth $1,369,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the business. Global Wealth Strategies & Associates bought a new position in Invesco Bloomberg Pricing Power ETF during the 3rd quarter worth $29,000. Wesbanco Bank Inc. bought a new position in shares of Invesco Bloomberg Pricing Power ETF during the third quarter worth about $206,000. FMR LLC lifted its stake in shares of Invesco Bloomberg Pricing Power ETF by 140.6% in the third quarter. FMR LLC now owns 4,663 shares of the company’s stock worth $396,000 after acquiring an additional 2,725 shares during the period. Cetera Advisors LLC bought a new stake in Invesco Bloomberg Pricing Power ETF in the first quarter valued at approximately $432,000. Finally, Hilltop Holdings Inc. acquired a new stake in Invesco Bloomberg Pricing Power ETF during the 3rd quarter valued at approximately $692,000.
Invesco Bloomberg Pricing Power ETF Stock Performance
Shares of NYSEARCA POWA opened at $86.66 on Friday. The company’s 50 day moving average price is $85.15 and its 200-day moving average price is $81.60. Invesco Bloomberg Pricing Power ETF has a 52-week low of $70.09 and a 52-week high of $87.68. The company has a market capitalization of $214.92 million, a P/E ratio of 25.60 and a beta of 0.74.
Invesco Bloomberg Pricing Power ETF 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.
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