Apollon Wealth Management LLC Cuts Stake in Invesco Global Listed Private Equity ETF $PSP

Apollon Wealth Management LLC lessened its holdings in shares of Invesco Global Listed Private Equity ETF (NYSEARCA:PSP) by 91.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,395 shares of the company’s stock after selling 44,873 shares during the quarter. Apollon Wealth Management LLC’s holdings in Invesco Global Listed Private Equity ETF were worth $248,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC bought a new position in shares of Invesco Global Listed Private Equity ETF during the 4th quarter valued at about $4,695,000. Endowment Wealth Management Inc. increased its holdings in shares of Invesco Global Listed Private Equity ETF by 5.5% in the fourth quarter. Endowment Wealth Management Inc. now owns 203,555 shares of the company’s stock worth $13,653,000 after purchasing an additional 10,673 shares during the last quarter. Brighton Jones LLC bought a new stake in shares of Invesco Global Listed Private Equity ETF in the fourth quarter worth about $401,000. Thrivent Financial for Lutherans purchased a new stake in shares of Invesco Global Listed Private Equity ETF in the fourth quarter worth about $12,190,000. Finally, Axxcess Wealth Management LLC lifted its position in shares of Invesco Global Listed Private Equity ETF by 212.2% in the fourth quarter. Axxcess Wealth Management LLC now owns 149,212 shares of the company’s stock worth $10,008,000 after buying an additional 101,425 shares in the last quarter. 70.39% of the stock is owned by hedge funds and other institutional investors.

Invesco Global Listed Private Equity ETF Trading Down 1.1%

Shares of Invesco Global Listed Private Equity ETF stock opened at $57.48 on Wednesday. The firm has a market cap of $223.60 million, a PE ratio of 14.07 and a beta of 1.26. The stock has a 50 day moving average of $58.97 and a 200 day moving average of $61.45. Invesco Global Listed Private Equity ETF has a 12 month low of $54.12 and a 12 month high of $72.97.

Invesco Global Listed Private Equity ETF Profile

PowerShares Global Listed Private Equity Portfolio (the Fund) is based on the Global Listed Private Equity Index (Index). The Fund focuses to invest at least 90% of its total assets in securities, which may include American depository receipts (ADRs) and global depository receipts (GDRs), which comprises the Index. The Index includes between 40 and 60 publicly listed private equity companies, including business development companies and other financial institutions or vehicles whose principal business is to invest in and lend capital to privately held companies.