Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Trading 0.8% Higher – Still a Buy?

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCMGet Free Report) shares were up 0.8% during trading on Friday . The stock traded as high as $100.71 and last traded at $100.54. Approximately 393 shares traded hands during trading, a decline of 86% from the average session volume of 2,732 shares. The stock had previously closed at $99.78.

Invesco S&P SmallCap Materials ETF Trading Up 0.8%

The company has a market cap of $21.11 million, a PE ratio of 17.06 and a beta of 1.03. The company has a fifty day simple moving average of $99.53 and a two-hundred day simple moving average of $100.77.

Invesco S&P SmallCap Materials ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a dividend of $0.2677 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%.

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

Several large investors have recently bought and sold shares of the business. Parr Mcknight Wealth Management Group LLC purchased a new position in Invesco S&P SmallCap Materials ETF in the first quarter valued at approximately $538,000. Citadel Advisors LLC purchased a new stake in shares of Invesco S&P SmallCap Materials ETF during the 3rd quarter worth approximately $243,000. Private Advisor Group LLC acquired a new position in shares of Invesco S&P SmallCap Materials ETF in the 1st quarter valued at $282,000. Jane Street Group LLC acquired a new position in shares of Invesco S&P SmallCap Materials ETF in the 4th quarter valued at $226,000. Finally, Pacific Sun Financial Corp purchased a new position in shares of Invesco S&P SmallCap Materials ETF in the 1st quarter valued at $214,000.

Invesco S&P SmallCap Materials ETF Company Profile

(Get Free Report)

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.

Further Reading

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