Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Stock Price Down 1.3% – Here’s What Happened

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM)’s stock price was down 1.3% during trading on Tuesday . The stock traded as low as $102.08 and last traded at $102.25. Approximately 2,520 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 3,616 shares. The stock had previously closed at $103.56.

Invesco S&P SmallCap Materials ETF Price Performance

The stock has a market cap of $20.45 million, a P/E ratio of 17.06 and a beta of 1.04. The company has a 50 day simple moving average of $97.88 and a 200-day simple moving average of $87.76.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.226 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.90 annualized dividend and a yield of 0.9%.

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

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Invesco S&P SmallCap Materials ETF in the second quarter valued at about $53,000. Jane Street Group LLC bought a new stake in shares of Invesco S&P SmallCap Materials ETF in the 4th quarter worth approximately $226,000. Citadel Advisors LLC bought a new stake in shares of Invesco S&P SmallCap Materials ETF in the 3rd quarter worth approximately $243,000. Finally, Virtu Financial LLC increased its stake in shares of Invesco S&P SmallCap Materials ETF by 13.6% during the third quarter. Virtu Financial LLC now owns 16,393 shares of the company’s stock valued at $1,272,000 after buying an additional 1,963 shares during the period.

About Invesco S&P SmallCap Materials ETF

PowerShares S&P SmallCap Materials Portfolio (the Fund) is based on the S&P SmallCap 600 Capped Materials Index (Index). The Index is designed to measure the overall performance of common stocks of United States basic materials companies. These companies are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals. The Index is a subset of the S&P SmallCap 600 Index, which is a float-adjusted, market capitalization-weighted index reflecting the United States small-cap market.