First Trust Direct Indexing L.P. Acquires New Position in Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA)

First Trust Direct Indexing L.P. acquired a new stake in Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,308 shares of the company’s stock, valued at approximately $1,280,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BCS Wealth Management acquired a new stake in shares of Invesco Bloomberg Pricing Power ETF during the 1st quarter valued at approximately $243,000. S.A. Mason LLC acquired a new stake in shares of Invesco Bloomberg Pricing Power ETF during the 1st quarter valued at approximately $114,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Invesco Bloomberg Pricing Power ETF during the 1st quarter valued at approximately $305,000. Finally, Calton & Associates Inc. acquired a new stake in shares of Invesco Bloomberg Pricing Power ETF during the 1st quarter valued at approximately $223,000.

Invesco Bloomberg Pricing Power ETF Stock Up 0.2 %

Shares of POWA traded up $0.19 during mid-day trading on Thursday, reaching $77.51. 389 shares of the company’s stock were exchanged, compared to its average volume of 8,341. The company has a 50-day simple moving average of $77.21 and a two-hundred day simple moving average of $75.60. Invesco Bloomberg Pricing Power ETF has a 52-week low of $63.20 and a 52-week high of $79.33. The company has a market cap of $192.21 million, a price-to-earnings 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.