Invesco Bloomberg Pricing Power ETF (POWA)

The Invesco Bloomberg Pricing Power ETF (POWA) is an index fund from Invesco that tracks a Bloomberg index of U.S. companies judged to have pricing power, meaning the ability to raise prices without materially losing customers.

The index screens large and mid-sized U.S. stocks for characteristics associated with pricing power, such as high and stable gross margins, and selects those that score best. The resulting portfolio spans multiple sectors rather than concentrating on one industry.

POWA is listed on NYSE Arca.