Partners Wealth Management LLC Takes Position in Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA)

Partners Wealth Management LLC purchased a new position in Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,330 shares of the company’s stock, valued at approximately $758,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. 1900 Wealth Management LLC boosted its holdings in shares of Invesco Bloomberg Pricing Power ETF by 24.7% in the 3rd quarter. 1900 Wealth Management LLC now owns 82,404 shares of the company’s stock valued at $6,469,000 after buying an additional 16,309 shares in the last quarter. 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 purchasing an additional 1,863 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in shares of 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 during the last quarter. HighTower Advisors LLC boosted its position 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 purchasing an additional 175 shares in the last quarter. Finally, IMC Chicago LLC acquired a new position in Invesco Bloomberg Pricing Power ETF during the 4th quarter valued at about $880,000.

Invesco Bloomberg Pricing Power ETF Stock Performance

Shares of NYSEARCA POWA opened at $83.40 on Monday. Invesco Bloomberg Pricing Power ETF has a fifty-two week low of $74.07 and a fifty-two week high of $87.68. The company has a market cap of $206.83 million, a PE ratio of 25.60 and a beta of 0.74. The business has a 50-day simple moving average of $83.32 and a two-hundred day simple moving average of $83.74.

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.