Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Stock Price Up 0% – Should You Buy?

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) rose 0% on Monday . The company traded as high as $57.11 and last traded at $56.9910. Approximately 310 shares traded hands during trading, a decline of 75% from the average daily volume of 1,236 shares. The stock had previously closed at $56.97.

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

The firm has a market cap of $13.11 million, a price-to-earnings ratio of 18.18 and a beta of 0.82. The firm’s fifty day moving average is $58.23 and its 200-day moving average is $56.65.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a $0.2621 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.8%. This is a positive change from Invesco S&P SmallCap Utilities & Communication Services ETF’s previous quarterly dividend of $0.03.

Institutional Investors Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

Several large investors have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. increased its holdings in Invesco S&P SmallCap Utilities & Communication Services ETF by 103.7% in the second quarter. Harbor Capital Advisors Inc. now owns 24,958 shares of the company’s stock worth $1,388,000 after purchasing an additional 12,703 shares in the last quarter. Virtu Financial LLC grew its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% during the 3rd quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock worth $738,000 after buying an additional 4,378 shares during the period. Advisory Services Network LLC bought a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the 3rd quarter valued at $58,000. Global Retirement Partners LLC lifted its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 13.4% during the 3rd quarter. Global Retirement Partners LLC now owns 3,467 shares of the company’s stock valued at $199,000 after acquiring an additional 411 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% during the 2nd 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 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.