Creative Planning Cuts Stake in Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA)

Creative Planning cut its holdings in Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) by 6.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,934 shares of the company’s stock after selling 4,784 shares during the quarter. Creative Planning owned approximately 2.98% of Invesco Bloomberg Pricing Power ETF worth $6,276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in POWA. Global Wealth Strategies & Associates purchased a new stake in shares of Invesco Bloomberg Pricing Power ETF in the 3rd quarter worth approximately $29,000. EverSource Wealth Advisors LLC bought a new stake in Invesco Bloomberg Pricing Power ETF during the 1st quarter valued at $113,000. Wesbanco Bank Inc. purchased a new position in shares of Invesco Bloomberg Pricing Power ETF in the 3rd quarter valued at $206,000. Delos Wealth Advisors LLC raised its position in shares of Invesco Bloomberg Pricing Power ETF by 9.0% in the 2nd quarter. Delos Wealth Advisors LLC now owns 32,817 shares of the company’s stock worth $2,549,000 after acquiring an additional 2,706 shares in the last quarter. Finally, Calton & Associates Inc. bought a new position in shares of Invesco Bloomberg Pricing Power ETF in the 1st quarter worth $223,000.

Invesco Bloomberg Pricing Power ETF Price Performance

Shares of POWA stock opened at $83.82 on Thursday. The stock’s 50-day moving average is $83.19 and its 200 day moving average is $79.58. Invesco Bloomberg Pricing Power ETF has a 1-year low of $63.20 and a 1-year high of $85.87. The company has a market cap of $207.87 million, a P/E ratio of 25.60 and a beta of 0.74.

About Invesco Bloomberg Pricing Power ETF

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.