Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Stock Price Up 0.3% – Still a Buy?

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) shot up 0.3% on Friday . The company traded as high as $65.82 and last traded at $65.71. 1,828 shares traded hands during trading, a decline of 51% from the average session volume of 3,706 shares. The stock had previously closed at $65.53.

Invesco S&P SmallCap Financials ETF Stock Performance

The business has a 50 day simple moving average of $62.83 and a 200-day simple moving average of $60.47. The firm has a market capitalization of $26.94 million, a price-to-earnings ratio of 15.25 and a beta of 0.93.

Invesco S&P SmallCap Financials ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.3128 per share. This represents a $1.25 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, June 22nd.

Institutional Trading of Invesco S&P SmallCap Financials ETF

Several hedge funds have recently made changes to their positions in the company. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Invesco S&P SmallCap Financials ETF during the 1st quarter valued at approximately $2,293,000. Harbor Capital Advisors Inc. raised its position in Invesco S&P SmallCap Financials ETF by 4.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 32,850 shares of the company’s stock valued at $1,889,000 after purchasing an additional 1,545 shares during the period. Hohimer Wealth Management LLC purchased a new stake in Invesco S&P SmallCap Financials ETF in the fourth quarter valued at $661,000. Tower Research Capital LLC TRC lifted its stake in shares of Invesco S&P SmallCap Financials ETF by 13.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock valued at $610,000 after purchasing an additional 1,263 shares during the last quarter. Finally, Virtu Financial LLC grew its holdings in shares of Invesco S&P SmallCap Financials ETF by 4.4% during the 4th quarter. Virtu Financial LLC now owns 7,214 shares of the company’s stock worth $415,000 after purchasing an additional 306 shares during the period.

Invesco S&P SmallCap Financials ETF Company Profile

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).