Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Trading Up 1.9% – Still a Buy?

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU)’s share price traded up 1.9% during trading on Tuesday . The stock traded as high as $66.06 and last traded at $66.06. Approximately 5,049 shares traded hands during mid-day trading, an increase of 27% from the average session volume of 3,974 shares. The stock had previously closed at $64.85.

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

The business has a 50 day moving average price of $64.78 and a 200 day moving average price of $62.35. The stock has a market capitalization of $17.84 million, a PE ratio of 18.18 and a beta of 0.73.

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

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

Institutional Trading of Invesco S&P SmallCap Utilities & Communication Services ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the third quarter worth approximately $58,000. 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 acquiring an additional 202 shares in the last quarter. Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the first quarter valued at approximately $501,000. Virtu Financial LLC raised its stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% in the third 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 last quarter. Finally, IHT Wealth Management LLC lifted its stake in Invesco S&P SmallCap Utilities & Communication Services ETF by 121.7% during the 4th quarter. IHT Wealth Management LLC now owns 22,259 shares of the company’s stock valued at $1,280,000 after acquiring an additional 12,219 shares during the period.

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.