Creative Planning Decreases Holdings in Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA)

Creative Planning cut its stake in Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,934 shares of the company’s stock after selling 4,784 shares during the quarter. Creative Planning’s holdings in Invesco Bloomberg Pricing Power ETF were worth $6,276,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of POWA. Global Wealth Strategies & Associates acquired a new stake in shares of Invesco Bloomberg Pricing Power ETF in the third quarter valued at about $29,000. EverSource Wealth Advisors LLC purchased a new position in Invesco Bloomberg Pricing Power ETF in the 1st quarter worth approximately $113,000. Wesbanco Bank Inc. acquired a new stake in Invesco Bloomberg Pricing Power ETF in the third quarter valued at approximately $206,000. Calton & Associates Inc. purchased a new stake in shares of Invesco Bloomberg Pricing Power ETF during the first quarter valued at approximately $223,000. Finally, Connecticut Wealth Management LLC purchased a new stake in shares of Invesco Bloomberg Pricing Power ETF during the first quarter valued at approximately $246,000.

Invesco Bloomberg Pricing Power ETF Trading Down 0.4 %

Shares of POWA stock opened at $83.82 on Thursday. Invesco Bloomberg Pricing Power ETF has a twelve month low of $63.20 and a twelve month high of $85.87. The company has a market capitalization of $207.87 million, a PE ratio of 25.60 and a beta of 0.74. The firm has a fifty day simple moving average of $83.19 and a 200-day simple moving average of $79.58.

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.