Beta Wealth Group Inc. Has $7.51 Million Stake in Invesco Global Listed Private Equity ETF $PSP

Beta Wealth Group Inc. raised its stake in Invesco Global Listed Private Equity ETF (NYSEARCA:PSP) by 48.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,854 shares of the company’s stock after purchasing an additional 35,304 shares during the period. Invesco Global Listed Private Equity ETF accounts for approximately 3.0% of Beta Wealth Group Inc.’s investment portfolio, making the stock its 10th biggest position. Beta Wealth Group Inc. owned approximately 2.23% of Invesco Global Listed Private Equity ETF worth $7,513,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Flow Traders U.S. LLC purchased a new position in shares of Invesco Global Listed Private Equity ETF in the 2nd quarter worth about $727,000. CreativeOne Wealth LLC bought a new stake in Invesco Global Listed Private Equity ETF during the second quarter valued at approximately $456,000. Farther Finance Advisors LLC lifted its position in Invesco Global Listed Private Equity ETF by 325.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 46,184 shares of the company’s stock worth $3,188,000 after buying an additional 35,317 shares during the last quarter. LFA Lugano Financial Advisors SA boosted its position in Invesco Global Listed Private Equity ETF by 27.8% during the second quarter. LFA Lugano Financial Advisors SA now owns 17,575 shares of the company’s stock valued at $1,210,000 after buying an additional 3,823 shares during the period. Finally, Cynosure Group LLC grew its holdings in shares of Invesco Global Listed Private Equity ETF by 15.3% in the second quarter. Cynosure Group LLC now owns 17,419 shares of the company’s stock worth $1,199,000 after purchasing an additional 2,310 shares during the last quarter. Institutional investors and hedge funds own 70.39% of the company’s stock.

Invesco Global Listed Private Equity ETF Stock Performance

Shares of PSP stock opened at $63.45 on Tuesday. The business’s 50 day moving average price is $67.42 and its 200-day moving average price is $68.23. Invesco Global Listed Private Equity ETF has a fifty-two week low of $53.60 and a fifty-two week high of $72.97. The firm has a market cap of $313.44 million, a P/E ratio of 14.07 and a beta of 1.33.

Invesco Global Listed Private Equity ETF Profile

PowerShares Global Listed Private Equity Portfolio (the Fund) is based on the Global Listed Private Equity Index (Index). The Fund focuses to invest at least 90% of its total assets in securities, which may include American depository receipts (ADRs) and global depository receipts (GDRs), which comprises the Index. The Index includes between 40 and 60 publicly listed private equity companies, including business development companies and other financial institutions or vehicles whose principal business is to invest in and lend capital to privately held companies.