Hyundai Investments Co. Ltd. purchased a new stake in Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA – Free Report) during the 4th quarter, HoldingsChannel reports. The fund purchased 6,037 shares of the company’s stock, valued at approximately $547,000. Invesco Bloomberg Pricing Power ETF accounts for 0.5% of Hyundai Investments Co. Ltd.’s holdings, making the stock its 26th biggest position.
Other hedge funds and other institutional investors also recently modified their holdings of the company. IFC & Insurance Marketing Inc. bought a new stake in shares of Invesco Bloomberg Pricing Power ETF in the fourth quarter valued at approximately $50,000. CWM LLC boosted its stake in Invesco Bloomberg Pricing Power ETF by 21.0% in the 4th quarter. CWM LLC now owns 708 shares of the company’s stock worth $64,000 after purchasing an additional 123 shares during the period. PNC Financial Services Group Inc. bought a new position in Invesco Bloomberg Pricing Power ETF in the 3rd quarter worth about $103,000. FSA Wealth Partners Inc. purchased a new position in Invesco Bloomberg Pricing Power ETF during the 4th quarter valued at about $117,000. Finally, Quadrant Capital Group LLC purchased a new position in Invesco Bloomberg Pricing Power ETF during the 4th quarter valued at about $162,000.
Invesco Bloomberg Pricing Power ETF Stock Up 0.3%
POWA stock opened at $88.80 on Tuesday. The firm has a market capitalization of $184.70 million, a PE ratio of 26.20 and a beta of 0.77. Invesco Bloomberg Pricing Power ETF has a twelve month low of $84.47 and a twelve month high of $93.93. The stock has a 50-day simple moving average of $87.77 and a two-hundred day simple moving average of $89.85.
About Invesco Bloomberg Pricing Power ETF
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.
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Want to see what other hedge funds are holding POWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA – Free Report).
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