Invesco Bloomberg Pricing Power ETF (POWA)
Invesco Bloomberg Pricing Power ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $93.58, down 0.22% on the session, giving a market capitalisation of $179.3M. Its beta of 0.77 implies it has historically moved less than the broad market.
The Invesco Bloomberg Pricing Power ETF (POWA) aims to track the performance of the Bloomberg Pricing Power Index. To achieve this, the Fund commits at least 80% of its total assets to the securities that comprise its underlying benchmark. The Index itself is designed to identify U.S. large- and mid-capitalization companies believed by the Index Provider to be capable of sustaining consistent profit margins across diverse market conditions. A key criterion for inclusion is a demonstrated history of minimal fluctuations in annual gross profit margins over the preceding five years. Both the Fund and the Index undergo quarterly rebalancing.
Invesco Bloomberg Pricing Power ETF is most often compared with the following Financial Services names: