Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Shares Up 2.8% – Here’s Why

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) rose 2.8% during mid-day trading on Tuesday . The stock traded as high as $149.69 and last traded at $149.67. Approximately 1,320 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 6,852 shares. The stock had previously closed at $145.63.

Invesco S&P SmallCap Industrials ETF Price Performance

The firm has a 50-day simple moving average of $147.87 and a 200 day simple moving average of $141.09. The company has a market capitalization of $143.18 million, a PE ratio of 23.47 and a beta of 1.21.

Invesco S&P SmallCap Industrials ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 22nd will be issued a dividend of $1.52 per share. This represents a $6.08 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Monday, December 22nd. This is an increase from Invesco S&P SmallCap Industrials ETF’s previous quarterly dividend of $0.19.

Hedge Funds Weigh In On Invesco S&P SmallCap Industrials ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its position in Invesco S&P SmallCap Industrials ETF by 3.5% in the third quarter. Bank of America Corp DE now owns 155,500 shares of the company’s stock valued at $23,238,000 after acquiring an additional 5,226 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Invesco S&P SmallCap Industrials ETF by 7.6% in the third quarter. Stratos Wealth Partners LTD. now owns 58,036 shares of the company’s stock valued at $8,673,000 after purchasing an additional 4,082 shares during the period. Jones Financial Companies Lllp grew its holdings in Invesco S&P SmallCap Industrials ETF by 7,414.8% during the 1st quarter. Jones Financial Companies Lllp now owns 19,313 shares of the company’s stock valued at $2,294,000 after purchasing an additional 19,056 shares in the last quarter. Osaic Holdings Inc. increased its stake in Invesco S&P SmallCap Industrials ETF by 39.3% during the 2nd quarter. Osaic Holdings Inc. now owns 13,928 shares of the company’s stock worth $1,868,000 after buying an additional 3,927 shares during the period. Finally, Susquehanna International Group LLP increased its stake in Invesco S&P SmallCap Industrials ETF by 67.1% during the 3rd quarter. Susquehanna International Group LLP now owns 8,114 shares of the company’s stock worth $1,213,000 after buying an additional 3,258 shares during the period.

Invesco S&P SmallCap Industrials ETF Company Profile

PowerShares S&P SmallCap Industrials 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 Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies.