Independent Wealth Network Inc. Takes Position in Invesco S&P SmallCap Industrials ETF $PSCI

Independent Wealth Network Inc. purchased a new stake in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) during the first quarter, Holdings Channel reports. The institutional investor purchased 5,399 shares of the company’s stock, valued at approximately $835,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Osaic Holdings Inc. grew its holdings in Invesco S&P SmallCap Industrials ETF by 10.5% during the fourth quarter. Osaic Holdings Inc. now owns 18,635 shares of the company’s stock valued at $2,797,000 after purchasing an additional 1,778 shares during the period. MML Investors Services LLC boosted its position in shares of Invesco S&P SmallCap Industrials ETF by 6.0% during the fourth quarter. MML Investors Services LLC now owns 4,826 shares of the company’s stock worth $724,000 after purchasing an additional 274 shares in the last quarter. Hohimer Wealth Management LLC bought a new position in shares of Invesco S&P SmallCap Industrials ETF during the fourth quarter worth $1,098,000. Bank of Montreal Can grew its holdings in shares of Invesco S&P SmallCap Industrials ETF by 4.1% in the 4th quarter. Bank of Montreal Can now owns 30,724 shares of the company’s stock valued at $4,673,000 after buying an additional 1,224 shares during the period. Finally, LPL Financial LLC increased its position in shares of Invesco S&P SmallCap Industrials ETF by 7.2% in the 4th quarter. LPL Financial LLC now owns 21,992 shares of the company’s stock valued at $3,301,000 after buying an additional 1,482 shares in the last quarter.

Invesco S&P SmallCap Industrials ETF Stock Up 2.1%

PSCI opened at $184.53 on Friday. The stock has a market cap of $184.53 million, a P/E ratio of 23.47 and a beta of 1.15. Invesco S&P SmallCap Industrials ETF has a 12 month low of $131.75 and a 12 month high of $186.91. The company has a fifty day simple moving average of $171.81 and a 200 day simple moving average of $164.86.

Invesco S&P SmallCap Industrials ETF Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 22nd will be issued a $0.196 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, June 22nd.

About Invesco S&P SmallCap Industrials ETF

PowerShares S&P SmallCap Industrials 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 Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.