Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Shares Break Above Two Hundred Day Moving Average – Here’s Why

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU)’s share price passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $62.50 and traded as high as $62.90. Invesco S&P SmallCap Utilities & Communication Services ETF shares last traded at $62.9210, with a volume of 298 shares changing hands.

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

The business’s fifty day moving average price is $61.39 and its 200-day moving average price is $62.52. The stock has a market capitalization of $17.44 million, a price-to-earnings ratio of 13.79 and a beta of 0.76.

Invesco S&P SmallCap Utilities & Communication Services 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 paid a dividend of $0.1381 per share. This is an increase from Invesco S&P SmallCap Utilities & Communication Services ETF’s previous quarterly dividend of $0.0282. The ex-dividend date was Monday, September 21st. This represents a $0.55 dividend on an annualized basis and a yield of 0.9%.

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

An institutional investor recently raised its stake in Invesco S&P SmallCap Utilities & Communication Services ETF stock. NewEdge Advisors LLC lifted its holdings in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) by 29,629.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,297 shares of the company’s stock after buying an additional 22,222 shares during the period. NewEdge Advisors LLC owned approximately 8.26% of Invesco S&P SmallCap Utilities & Communication Services ETF worth $1,473,000 at the end of the most recent reporting 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.