Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Stock Price Up 0.3% – Here’s Why

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) shot up 0.3% during mid-day trading on Monday . The company traded as high as $58.99 and last traded at $59.0150. 1,176 shares traded hands during trading, a decline of 39% from the average session volume of 1,921 shares. The stock had previously closed at $58.83.

Invesco S&P SmallCap Financials ETF Stock Up 0.3%

The company has a market capitalization of $19.47 million, a price-to-earnings ratio of 15.25 and a beta of 1.02. The business’s 50-day moving average is $56.25 and its 200-day moving average is $56.06.

Invesco S&P SmallCap Financials ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were issued a $0.418 dividend. This is a boost from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.67 annualized dividend and a dividend yield of 2.8%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PSCF. Founders Financial Alliance LLC purchased a new stake in Invesco S&P SmallCap Financials ETF in the 3rd quarter worth approximately $32,000. Virtu Financial LLC increased its holdings in shares of Invesco S&P SmallCap Financials ETF by 21.6% during the 3rd quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock valued at $396,000 after purchasing an additional 1,229 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Invesco S&P SmallCap Financials ETF by 13.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock valued at $610,000 after purchasing an additional 1,263 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Invesco S&P SmallCap Financials ETF in the 1st quarter valued at $220,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in Invesco S&P SmallCap Financials ETF by 19.6% during the second quarter. Harbor Capital Advisors Inc. now owns 38,632 shares of the company’s stock worth $2,097,000 after buying an additional 6,333 shares in the last quarter.

About Invesco S&P SmallCap Financials ETF

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.