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

Royal Bank of Canada decreased its stake in shares of Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) by 72.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,943 shares of the company’s stock after selling 18,468 shares during the quarter. Royal Bank of Canada owned about 0.33% of Invesco Bloomberg Pricing Power ETF worth $598,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco Bloomberg Pricing Power ETF by 10,296.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 218,855 shares of the company’s stock valued at $19,684,000 after buying an additional 216,750 shares in the last quarter. IMC Chicago LLC bought a new stake in Invesco Bloomberg Pricing Power ETF during the fourth quarter worth $1,469,000. Mercer Global Advisors Inc. ADV lifted its stake in Invesco Bloomberg Pricing Power ETF by 5.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 144,221 shares of the company’s stock valued at $12,972,000 after acquiring an additional 6,833 shares during the last quarter. Hyundai Investments Co. Ltd. bought a new position in shares of Invesco Bloomberg Pricing Power ETF in the 4th quarter valued at about $547,000. Finally, Citadel Advisors LLC acquired a new position in shares of Invesco Bloomberg Pricing Power ETF during the 3rd quarter worth about $415,000.

Invesco Bloomberg Pricing Power ETF Stock Performance

Shares of NYSEARCA:POWA opened at $92.14 on Tuesday. Invesco Bloomberg Pricing Power ETF has a 52-week low of $84.53 and a 52-week high of $94.15. The company has a market capitalization of $180.59 million, a P/E 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 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.