Northwestern Mutual Wealth Management Co. Has $19.68 Million Holdings in Invesco Bloomberg Pricing Power ETF $POWA

Northwestern Mutual Wealth Management Co. raised its stake in Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) by 10,296.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,855 shares of the company’s stock after acquiring an additional 216,750 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 10.32% of Invesco Bloomberg Pricing Power ETF worth $19,684,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC increased its position in Invesco Bloomberg Pricing Power ETF by 21.0% in the 4th quarter. CWM LLC now owns 708 shares of the company’s stock valued at $64,000 after acquiring an additional 123 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in Invesco Bloomberg Pricing Power ETF in the 3rd quarter valued at about $103,000. FSA Wealth Partners Inc. acquired a new stake in Invesco Bloomberg Pricing Power ETF in the 4th quarter valued at about $117,000. Citadel Advisors LLC acquired a new stake in Invesco Bloomberg Pricing Power ETF in the 3rd quarter valued at about $415,000. Finally, Royal Bank of Canada increased its position in Invesco Bloomberg Pricing Power ETF by 42.8% in the 1st quarter. Royal Bank of Canada now owns 6,391 shares of the company’s stock valued at $525,000 after acquiring an additional 1,916 shares in the last quarter.

Invesco Bloomberg Pricing Power ETF Trading Down 0.5%

POWA opened at $86.09 on Wednesday. The stock has a market capitalization of $179.07 million, a PE ratio of 26.20 and a beta of 0.79. Invesco Bloomberg Pricing Power ETF has a 1-year low of $83.48 and a 1-year high of $93.93. The firm has a 50-day moving average price of $87.57 and a two-hundred day moving average price of $90.13.

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.