Kessler Investment Group LLC Increases Stock Position in Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF)

Kessler Investment Group LLC lifted its stake in Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) by 939.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,738 shares of the company’s stock after purchasing an additional 4,282 shares during the quarter. Kessler Investment Group LLC’s holdings in Invesco S&P SmallCap Financials ETF were worth $262,000 at the end of the most recent quarter.

Separately, Harbor Capital Advisors Inc. acquired a new stake in Invesco S&P SmallCap Financials ETF in the second quarter valued at $191,000.

Invesco S&P SmallCap Financials ETF Stock Performance

Shares of NASDAQ:PSCF traded down $1.36 on Tuesday, hitting $55.81. 2,114 shares of the company’s stock were exchanged, compared to its average volume of 2,063. Invesco S&P SmallCap Financials ETF has a 1-year low of $38.34 and a 1-year high of $57.51. The company has a market capitalization of $22.32 million, a PE ratio of 13.50 and a beta of 1.03. The firm’s 50-day moving average is $54.70 and its 200 day moving average is $50.65.

Invesco S&P SmallCap Financials ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a $0.37 dividend. This is an increase from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.48 annualized dividend and a yield of 2.65%.

Invesco S&P SmallCap Financials ETF Profile

PowerShares S&P SmallCap Financials Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the index called the S&P SmallCap 600 Capped Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services.