Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its holdings in shares of Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) by 8.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,591 shares of the company’s stock after selling 1,330 shares during the quarter. HighTower Advisors LLC owned about 0.55% of Invesco Bloomberg Pricing Power ETF worth $1,105,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FMR LLC grew its holdings in Invesco Bloomberg Pricing Power ETF by 140.6% in the 3rd quarter. FMR LLC now owns 4,663 shares of the company’s stock valued at $396,000 after buying an additional 2,725 shares in the last quarter. Hilltop Holdings Inc. acquired a new position in shares of Invesco Bloomberg Pricing Power ETF during the 3rd quarter valued at about $692,000. IHT Wealth Management LLC grew its holdings in shares of Invesco Bloomberg Pricing Power ETF by 60.6% in the third 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 during the period. Delos Wealth Advisors LLC increased its position in 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 purchasing an additional 1,863 shares during the last quarter. Finally, Calton & Associates Inc. purchased a new position in Invesco Bloomberg Pricing Power ETF during the fourth quarter worth about $218,000.

Invesco Bloomberg Pricing Power ETF Price Performance

NYSEARCA:POWA opened at $82.10 on Thursday. The company’s 50-day moving average is $83.28 and its two-hundred day moving average is $83.87. The firm has a market capitalization of $183.90 million, a price-to-earnings ratio of 27.13 and a beta of 0.87. Invesco Bloomberg Pricing Power ETF has a 1-year low of $74.07 and a 1-year high of $87.68.

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.