Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Stock Price Up 1.7% – What’s Next?

Shares of Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) traded up 1.7% during mid-day trading on Tuesday . The stock traded as high as $62.95 and last traded at $62.60. 1,990 shares were traded during mid-day trading, a decline of 50% from the average session volume of 3,954 shares. The stock had previously closed at $61.53.

Invesco S&P SmallCap Financials ETF Trading Up 0.9%

The company has a market cap of $25.30 million, a price-to-earnings ratio of 15.25 and a beta of 0.94. The business has a fifty day moving average of $61.09 and a two-hundred day moving average of $59.48.

Invesco S&P SmallCap Financials ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.4002 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.29.

Institutional Investors Weigh In On Invesco S&P SmallCap Financials ETF

Large investors have recently bought and sold shares of the company. Virtu Financial LLC lifted its holdings in Invesco S&P SmallCap Financials ETF by 4.4% in the fourth quarter. Virtu Financial LLC now owns 7,214 shares of the company’s stock valued at $415,000 after acquiring an additional 306 shares during the last quarter. Hohimer Wealth Management LLC acquired a new position in Invesco S&P SmallCap Financials ETF during the fourth quarter worth $661,000. Tower Research Capital LLC TRC lifted its stake in Invesco S&P SmallCap Financials ETF by 13.5% during the third quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock worth $610,000 after purchasing an additional 1,263 shares in the last quarter. Parr Mcknight Wealth Management Group LLC acquired a new position in Invesco S&P SmallCap Financials ETF during the first quarter worth $2,293,000. Finally, LPL Financial LLC lifted its stake in Invesco S&P SmallCap Financials ETF by 5.9% during the fourth quarter. LPL Financial LLC now owns 5,472 shares of the company’s stock worth $315,000 after purchasing an additional 306 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. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).