Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) Shares Up 0.6% – Should You Buy?

Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCHGet Free Report) shares shot up 0.6% during mid-day trading on Monday . The company traded as high as $48.28 and last traded at $48.07. 25,977 shares were traded during trading, an increase of 64% from the average session volume of 15,801 shares. The stock had previously closed at $47.79.

Invesco S&P SmallCap Health Care ETF Stock Up 0.6%

The firm has a market capitalization of $138.92 million, a P/E ratio of 21.94 and a beta of 0.87. The business has a 50-day moving average price of $44.71 and a 200-day moving average price of $44.05.

Invesco S&P SmallCap Health Care ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.0003 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.00 dividend on an annualized basis and a dividend yield of 0.0%.

Institutional Trading of Invesco S&P SmallCap Health Care ETF

A number of institutional investors and hedge funds have recently modified their holdings of PSCH. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco S&P SmallCap Health Care ETF by 83,257.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 117,534 shares of the company’s stock valued at $5,179,000 after purchasing an additional 117,393 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of Invesco S&P SmallCap Health Care ETF during the fourth quarter valued at approximately $1,692,000. Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Invesco S&P SmallCap Health Care ETF during the first quarter valued at approximately $1,120,000. Hohimer Wealth Management LLC bought a new stake in shares of Invesco S&P SmallCap Health Care ETF during the fourth quarter valued at approximately $1,048,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Invesco S&P SmallCap Health Care ETF during the third quarter valued at approximately $749,000.

Invesco S&P SmallCap Health Care ETF Company Profile

(Get Free Report)

PowerShares S&P SmallCap Health Care 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 HealthCare Index (the Underlying Index). The Underlying Index consists of common stocks of the United States healthcare companies. These are companies that are principally engaged in the business of providing healthcare-related products and services, including biotechnology, pharmaceuticals, medical technology and supplies, and facilities.

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