Royal Bank of Canada Sells 18,468 Shares of Invesco Bloomberg Pricing Power ETF $POWA

Royal Bank of Canada decreased its position in shares of Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) by 72.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,943 shares of the company’s stock after selling 18,468 shares during the period. Royal Bank of Canada’s holdings in Invesco Bloomberg Pricing Power ETF were worth $598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in POWA. IFC & Insurance Marketing Inc. bought a new position in shares of Invesco Bloomberg Pricing Power ETF in the 4th quarter valued at $50,000. CWM LLC raised its holdings in shares of Invesco Bloomberg Pricing Power ETF by 21.0% during the 4th quarter. CWM LLC now owns 708 shares of the company’s stock worth $64,000 after buying an additional 123 shares in the last quarter. FSA Wealth Partners Inc. bought a new stake in shares of Invesco Bloomberg Pricing Power ETF during the 4th quarter worth $117,000. Quadrant Capital Group LLC acquired a new stake in Invesco Bloomberg Pricing Power ETF in the fourth quarter valued at about $162,000. Finally, Calton & Associates Inc. grew its position in Invesco Bloomberg Pricing Power ETF by 6.3% in the fourth quarter. Calton & Associates Inc. now owns 2,374 shares of the company’s stock valued at $214,000 after acquiring an additional 140 shares during the last quarter.

Invesco Bloomberg Pricing Power ETF Price Performance

POWA stock opened at $92.14 on Tuesday. The stock has a market cap of $180.59 million, a price-to-earnings ratio of 26.20 and a beta of 0.77. The company has a 50 day simple moving average of $90.05 and a 200 day simple moving average of $89.28. Invesco Bloomberg Pricing Power ETF has a 1 year low of $84.53 and a 1 year 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.