Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Shares Down 1.5% – Time to Sell?

Shares of Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) were down 1.5% during mid-day trading on Friday . The stock traded as low as $50.76 and last traded at $50.93. Approximately 176,188 shares changed hands during mid-day 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 stock has a 50-day moving average of $49.83 and a 200 day moving average of $51.83. The company has a market capitalization of $89.64 million, a PE ratio of 34.07 and a beta of 1.95.

Invesco S&P SmallCap Energy ETF Increases Dividend

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

Hedge Funds Weigh In On Invesco S&P SmallCap Energy ETF

Institutional investors have recently added to or reduced their stakes in the stock. Kessler Investment Group LLC boosted its stake in 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 valued at $51,000 after acquiring an additional 699 shares during the last quarter. Jaffetilchin Investment Partners LLC bought a new stake in shares of Invesco S&P SmallCap Energy ETF in the 1st quarter worth approximately $308,000. U.S. Capital Wealth Advisors LLC lifted its stake in Invesco S&P SmallCap Energy ETF by 6.2% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 15,281 shares of the company’s stock valued at $804,000 after purchasing an additional 896 shares during the last quarter. HighTower Advisors LLC grew its holdings in Invesco S&P SmallCap Energy ETF by 9.1% during the third quarter. HighTower Advisors LLC now owns 17,896 shares of the company’s stock valued at $877,000 after purchasing an additional 1,486 shares during the period. Finally, Blair William & Co. IL grew its holdings in Invesco S&P SmallCap Energy ETF by 3.9% during the second quarter. Blair William & Co. IL now owns 18,173 shares of the company’s stock valued at $956,000 after purchasing an additional 687 shares during the period.

About Invesco S&P SmallCap Energy ETF

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.