Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Shares Down 0.6% – Here’s Why

Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC)’s stock price was down 0.6% on Monday . The company traded as low as $34.17 and last traded at $34.28. Approximately 3,721 shares traded hands during trading, a decline of 66% from the average session volume of 10,885 shares. The stock had previously closed at $34.50.

Invesco S&P SmallCap Consumer Staples ETF Stock Down 0.6%

The firm has a market cap of $35.31 million, a P/E ratio of 14.43 and a beta of 0.60. The business’s 50 day moving average is $36.59 and its two-hundred day moving average is $34.46.

Invesco S&P SmallCap Consumer Staples ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Monday, September 21st will be given a dividend of $0.2832 per share. This is a boost from Invesco S&P SmallCap Consumer Staples ETF’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, September 21st. This represents a $1.13 dividend on an annualized basis and a dividend yield of 3.3%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Invesco S&P SmallCap Consumer Staples ETF stock. Parr Mcknight Wealth Management Group LLC acquired a new position in Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,078 shares of the company’s stock, valued at approximately $223,000. Parr Mcknight Wealth Management Group LLC owned approximately 0.69% of Invesco S&P SmallCap Consumer Staples ETF as of its most recent filing with the Securities and Exchange Commission.

About Invesco S&P SmallCap Consumer Staples ETF

PowerShares S&P SmallCap Consumer Staples 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 Consumer Staples Index (the Underlying Index). The Underlying Index consists of common stocks of United States consumer staples companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.