Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Shares Down 0.6% – Should You Sell?

Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) traded down 0.6% during trading on Friday . The stock traded as low as $32.06 and last traded at $32.36. 19,416 shares changed hands during trading, an increase of 13% from the average session volume of 17,111 shares. The stock had previously closed at $32.54.

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

The stock’s 50 day moving average price is $31.59 and its two-hundred day moving average price is $33.06. The stock has a market cap of $33.98 million, a price-to-earnings ratio of 14.43 and a beta of 0.60.

Invesco S&P SmallCap Consumer Staples ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.1414 dividend. This represents a $0.57 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Focus Partners Advisor Solutions LLC increased its position in shares of Invesco S&P SmallCap Consumer Staples ETF by 74.7% in the third quarter. Focus Partners Advisor Solutions LLC now owns 33,248 shares of the company’s stock valued at $1,060,000 after buying an additional 14,221 shares in the last quarter. Susquehanna International Group LLP increased its holdings in Invesco S&P SmallCap Consumer Staples ETF by 128.2% in the 3rd quarter. Susquehanna International Group LLP now owns 15,776 shares of the company’s stock worth $520,000 after acquiring an additional 8,863 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Invesco S&P SmallCap Consumer Staples ETF by 66.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 9,884 shares of the company’s stock worth $329,000 after acquiring an additional 3,935 shares in the last quarter. Raymond James Financial Inc. raised its position in Invesco S&P SmallCap Consumer Staples ETF by 16.0% during the third quarter. Raymond James Financial Inc. now owns 25,703 shares of the company’s stock worth $847,000 after acquiring an additional 3,551 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Invesco S&P SmallCap Consumer Staples ETF by 13.7% during the second quarter. Ameriprise Financial Inc. now owns 14,081 shares of the company’s stock valued at $468,000 after purchasing an additional 1,693 shares in the last quarter.

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.