Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Shares Down 0.3% – Here’s Why

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) shares fell 0.3% on Wednesday . The company traded as low as $68.00 and last traded at $68.07. Approximately 1,106 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 3,991 shares. The stock had previously closed at $68.30.

Invesco S&P SmallCap Financials ETF Stock Performance

The firm has a 50-day moving average price of $64.84 and a two-hundred day moving average price of $61.55. The firm has a market cap of $27.91 million, a price-to-earnings ratio of 15.25 and a beta of 0.93.

Invesco S&P SmallCap Financials ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a $0.3128 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.25 dividend on an annualized basis and a yield of 1.8%.

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

Large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. acquired a new stake in Invesco S&P SmallCap Financials ETF during the 1st quarter worth $220,000. LPL Financial LLC lifted its holdings in shares of 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 during the period. Virtu Financial LLC lifted its stake in shares of Invesco S&P SmallCap Financials ETF by 21.6% in the 3rd quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock worth $396,000 after acquiring an additional 1,229 shares during the period. Tower Research Capital LLC TRC lifted its position in Invesco S&P SmallCap Financials ETF by 13.5% in the third 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 period. Finally, Hohimer Wealth Management LLC purchased a new stake in shares of Invesco S&P SmallCap Financials ETF in the fourth quarter valued at approximately $661,000.

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).