Sigma Planning Corp Makes New $619,000 Investment in Invesco Bloomberg Pricing Power ETF $POWA

Sigma Planning Corp purchased a new stake in shares of Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) in the 3rd quarter, Holdings Channel reports. The fund purchased 7,182 shares of the company’s stock, valued at approximately $619,000.

Several other hedge funds have also added to or reduced their stakes in POWA. IMC Chicago LLC boosted its position in Invesco Bloomberg Pricing Power ETF by 9.0% during the first quarter. IMC Chicago LLC now owns 17,801 shares of the company’s stock worth $1,534,000 after purchasing an additional 1,473 shares during the period. Simplicity Wealth LLC increased its holdings in shares of Invesco Bloomberg Pricing Power ETF by 61.0% in the third quarter. Simplicity Wealth LLC now owns 4,287 shares of the company’s stock valued at $370,000 after purchasing an additional 1,625 shares during the last quarter. Mosley Wealth Management raised its position in shares of Invesco Bloomberg Pricing Power ETF by 12.6% in the third quarter. Mosley Wealth Management now owns 14,119 shares of the company’s stock valued at $1,282,000 after purchasing an additional 1,576 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Invesco Bloomberg Pricing Power ETF in the second quarter valued at about $39,000. Finally, Hyundai Investments Co. Ltd. raised its position in shares of Invesco Bloomberg Pricing Power ETF by 12.9% in the second quarter. Hyundai Investments Co. Ltd. now owns 5,804 shares of the company’s stock valued at $514,000 after purchasing an additional 664 shares during the period.

Invesco Bloomberg Pricing Power ETF Stock Performance

NYSEARCA POWA opened at $92.66 on Friday. The firm has a 50-day moving average of $89.33 and a 200-day moving average of $89.55. The stock has a market cap of $168.64 million, a PE ratio of 26.20 and a beta of 0.76. Invesco Bloomberg Pricing Power ETF has a 52-week low of $84.53 and a 52-week high of $94.15.

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.