Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Stock Price Up 0.4% – Still a Buy?

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) shares traded up 0.4% on Tuesday . The stock traded as high as $65.32 and last traded at $65.32. Approximately 781 shares changed hands during trading, a decline of 79% from the average daily volume of 3,743 shares. The stock had previously closed at $65.06.

Invesco S&P SmallCap Utilities & Communication Services ETF Price Performance

The company’s fifty day moving average price is $64.89 and its 200 day moving average price is $63.09. The company has a market cap of $17.55 million, a PE ratio of 18.18 and a beta of 0.73.

Invesco S&P SmallCap Utilities & Communication Services ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.0282 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, June 22nd.

Institutional Investors Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC lifted its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 121.7% during the fourth quarter. IHT Wealth Management LLC now owns 22,259 shares of the company’s stock worth $1,280,000 after acquiring an additional 12,219 shares in the last quarter. Virtu Financial LLC boosted its stake in Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% in the 3rd quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock worth $738,000 after purchasing an additional 4,378 shares during the period. Parr Mcknight Wealth Management Group LLC purchased a new position in Invesco S&P SmallCap Utilities & Communication Services ETF during the 1st quarter valued at about $501,000. Tower Research Capital LLC TRC increased its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% during the second quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock valued at $389,000 after buying an additional 202 shares during the period. Finally, Advisory Services Network LLC bought a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter valued at about $58,000.

About Invesco S&P SmallCap Utilities & Communication Services ETF

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable.