Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Trading Down 1.5% – What’s Next?

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE)’s stock price was down 1.5% during mid-day trading on Friday . The company traded as low as $50.76 and last traded at $50.93. Approximately 176,188 shares traded hands during trading, an increase of 515% from the average daily volume of 28,665 shares. The stock had previously closed at $51.69.

Invesco S&P SmallCap Energy ETF Stock Down 1.5 %

The company’s fifty day moving average price is $49.83 and its 200 day moving average price is $51.82. The company has a market capitalization of $89.64 million, a P/E ratio of 34.07 and a beta of 1.95.

Invesco S&P SmallCap Energy ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.283 per share. This represents a $1.13 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Monday, September 23rd. This is a positive change from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.19.

Institutional Trading of Invesco S&P SmallCap Energy ETF

A number of institutional investors have recently modified their holdings of the stock. Kessler Investment Group LLC increased its position in shares of Invesco S&P SmallCap Energy ETF by 206.2% in the third quarter. Kessler Investment Group LLC now owns 1,038 shares of the company’s stock worth $51,000 after purchasing an additional 699 shares during the period. Jaffetilchin Investment Partners LLC acquired a new stake in Invesco S&P SmallCap Energy ETF during the first quarter worth about $308,000. U.S. Capital Wealth Advisors LLC increased its holdings in Invesco S&P SmallCap Energy ETF by 6.2% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 15,281 shares of the company’s stock valued at $804,000 after buying an additional 896 shares during the period. HighTower Advisors LLC raised its position in shares of Invesco S&P SmallCap Energy ETF by 9.1% in the 3rd quarter. HighTower Advisors LLC now owns 17,896 shares of the company’s stock valued at $877,000 after buying an additional 1,486 shares in the last quarter. Finally, Blair William & Co. IL raised its position in shares of Invesco S&P SmallCap Energy ETF by 3.9% in the 2nd quarter. Blair William & Co. IL now owns 18,173 shares of the company’s stock valued at $956,000 after buying an additional 687 shares in the last quarter.

Invesco S&P SmallCap Energy ETF Company Profile

PowerShares S&P SmallCap Energy Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Energy Index (the Underlying Index). The Underlying Index consists of common stocks of the United States energy companies that are principally engaged in the business of producing, distributing or servicing energy-related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil-based energy.