Envestnet Asset Management Inc. Lowers Stock Position in Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA)

Envestnet Asset Management Inc. lessened its stake in Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,046 shares of the company’s stock after selling 2,315 shares during the period. Envestnet Asset Management Inc. owned approximately 5.16% of Invesco Bloomberg Pricing Power ETF worth $10,406,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Sigma Planning Corp lifted its holdings in shares of Invesco Bloomberg Pricing Power ETF by 15.8% during the 4th quarter. Sigma Planning Corp now owns 10,102 shares of the company’s stock worth $821,000 after acquiring an additional 1,375 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Invesco Bloomberg Pricing Power ETF by 4,250.0% during the fourth quarter. Jones Financial Companies Lllp now owns 2,175 shares of the company’s stock worth $177,000 after purchasing an additional 2,125 shares during the last quarter. Delos Wealth Advisors LLC boosted its holdings in shares of Invesco Bloomberg Pricing Power ETF by 7.6% in the 4th quarter. Delos Wealth Advisors LLC now owns 37,313 shares of the company’s stock worth $3,032,000 after purchasing an additional 2,633 shares in the last quarter. Calton & Associates Inc. bought a new position in shares of Invesco Bloomberg Pricing Power ETF during the 4th quarter valued at about $218,000. Finally, FMR LLC raised its holdings in shares of Invesco Bloomberg Pricing Power ETF by 140.6% during 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.

Invesco Bloomberg Pricing Power ETF Price Performance

NYSEARCA:POWA opened at $78.82 on Friday. The company has a market capitalization of $176.56 million, a price-to-earnings ratio of 23.70 and a beta of 0.83. The business has a 50 day moving average of $81.21 and a 200 day moving average of $83.28. Invesco Bloomberg Pricing Power ETF has a 1-year low of $73.16 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.