Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Shares Up 0.1% – Here’s What Happened

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF)’s share price rose 0.1% on Monday . The company traded as high as $55.93 and last traded at $55.8190. Approximately 1,126 shares changed hands during trading, a decline of 42% from the average daily volume of 1,933 shares. The stock had previously closed at $55.76.

Invesco S&P SmallCap Financials ETF Stock Performance

The company has a market cap of $18.42 million, a P/E ratio of 15.25 and a beta of 1.02. The stock’s fifty day moving average price is $56.28 and its two-hundred day moving average price is $55.55.

Invesco S&P SmallCap Financials ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.418 per share. The ex-dividend date was Monday, September 22nd. This is a boost from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.34. This represents a $1.67 annualized dividend and a yield of 3.0%.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Founders Financial Alliance LLC bought a new stake in shares of Invesco S&P SmallCap Financials ETF during the 3rd quarter worth $32,000. Goldman Sachs Group Inc. bought a new position in Invesco S&P SmallCap Financials ETF in the first quarter valued at about $220,000. Virtu Financial LLC acquired a new position in Invesco S&P SmallCap Financials ETF during the first quarter worth about $351,000. Tower Research Capital LLC TRC raised its stake in Invesco S&P SmallCap Financials ETF by 13.5% during the third quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock worth $610,000 after acquiring an additional 1,263 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Invesco S&P SmallCap Financials ETF by 2,000.8% in the first quarter. Jones Financial Companies Lllp now owns 21,449 shares of the company’s stock worth $1,197,000 after acquiring an additional 20,428 shares during the last quarter.

Invesco S&P SmallCap Financials ETF Company 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.