EverSource Wealth Advisors LLC Invests $113,000 in Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA)

EverSource Wealth Advisors LLC acquired a new position in Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,513 shares of the company’s stock, valued at approximately $113,000. EverSource Wealth Advisors LLC owned about 0.06% of Invesco Bloomberg Pricing Power ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of POWA. S.A. Mason LLC bought a new position in shares of Invesco Bloomberg Pricing Power ETF in the first quarter valued at approximately $114,000. Global Retirement Partners LLC bought a new position in shares of Invesco Bloomberg Pricing Power ETF in the first quarter valued at approximately $201,000. Calton & Associates Inc. bought a new position in Invesco Bloomberg Pricing Power ETF during the first quarter valued at $223,000. BCS Wealth Management bought a new position in Invesco Bloomberg Pricing Power ETF during the first quarter valued at $243,000. Finally, Connecticut Wealth Management LLC bought a new position in Invesco Bloomberg Pricing Power ETF during the first quarter valued at $246,000.

Invesco Bloomberg Pricing Power ETF Stock Performance

Shares of POWA stock traded up $1.48 during mid-day trading on Tuesday, reaching $79.08. 2,704 shares of the company’s stock traded hands, compared to its average volume of 7,619. Invesco Bloomberg Pricing Power ETF has a 12 month low of $63.20 and a 12 month high of $81.49. The firm has a 50 day moving average price of $78.43 and a two-hundred day moving average price of $76.79. The firm has a market capitalization of $196.12 million, a PE ratio of 25.60 and a beta of 0.74.

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.