HighTower Advisors LLC Acquires 175 Shares of Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA)

HighTower Advisors LLC grew its holdings in shares of Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,921 shares of the company’s stock after buying an additional 175 shares during the period. HighTower Advisors LLC owned 0.60% of Invesco Bloomberg Pricing Power ETF worth $1,264,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of POWA. Hilltop Holdings Inc. bought a new position in Invesco Bloomberg Pricing Power ETF in the 3rd quarter worth about $692,000. FMR LLC boosted its stake 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 worth $396,000 after purchasing an additional 2,725 shares in the last quarter. 1900 Wealth Management LLC boosted its stake in 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 worth $6,469,000 after purchasing an additional 16,309 shares in the last quarter. Sigma Planning Corp boosted its stake in Invesco Bloomberg Pricing Power ETF by 69.4% in the 3rd quarter. Sigma Planning Corp now owns 8,727 shares of the company’s stock worth $741,000 after purchasing an additional 3,575 shares in the last quarter. Finally, Wesbanco Bank Inc. bought a new position in Invesco Bloomberg Pricing Power ETF in the 3rd quarter worth about $206,000.

Invesco Bloomberg Pricing Power ETF Price Performance

Shares of Invesco Bloomberg Pricing Power ETF stock opened at $85.48 on Tuesday. The stock has a market cap of $212.00 million, a price-to-earnings ratio of 25.60 and a beta of 0.74. The firm’s 50-day moving average is $85.45 and its 200 day moving average is $82.11. Invesco Bloomberg Pricing Power ETF has a 1 year low of $70.81 and a 1 year high of $87.68.

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.