Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Shares Down 6.3% – Should You Sell?

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE)’s share price fell 6.3% during trading on Monday. The company traded as low as $56.83 and last traded at $56.83. 33,935 shares traded hands during trading, an increase of 2% from the average session volume of 33,261 shares. The stock had previously closed at $60.63.

Invesco S&P SmallCap Energy ETF Stock Down 7.9%

The business has a fifty day simple moving average of $60.31 and a two-hundred day simple moving average of $58.32. The company has a market cap of $90.64 million, a P/E ratio of 9.69 and a beta of 0.85.

Invesco S&P SmallCap Energy ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were issued a dividend of $0.4107 per share. This is a boost from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.4104. This represents a $1.64 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Monday, September 21st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC bought a new stake in shares of Invesco S&P SmallCap Energy ETF in the 3rd quarter worth about $178,000. Simplex Trading LLC purchased a new position in Invesco S&P SmallCap Energy ETF in the 3rd quarter worth about $375,000. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Invesco S&P SmallCap Energy ETF in the first quarter valued at approximately $457,000. First Growth Capital LLC grew its position in shares of Invesco S&P SmallCap Energy ETF by 7.4% during the 1st quarter. First Growth Capital LLC now owns 9,371 shares of the company’s stock worth $554,000 after buying an additional 649 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Invesco S&P SmallCap Energy ETF during the 3rd quarter valued at about $781,000.

About Invesco S&P SmallCap Energy ETF

PowerShares S&P SmallCap Energy Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Energy Index (the Underlying Index). The Underlying Index consists of common stocks of the United States energy companies that are principally engaged in the business of producing, distributing or servicing energy-related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil-based energy.