Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Shares Up 1.9% – Still a Buy?

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCIGet Free Report) shot up 1.9% on Tuesday . The stock traded as high as $186.10 and last traded at $185.99. Approximately 2,721 shares traded hands during trading, a decline of 48% from the average session volume of 5,268 shares. The stock had previously closed at $182.55.

Invesco S&P SmallCap Industrials ETF Trading Up 1.9%

The stock has a 50 day simple moving average of $177.63 and a 200-day simple moving average of $169.70. The firm has a market cap of $197.15 million, a P/E ratio of 23.47 and a beta of 1.14.

Invesco S&P SmallCap Industrials ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.196 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.4%.

Institutional Investors Weigh In On Invesco S&P SmallCap Industrials ETF

A number of hedge funds have recently bought and sold shares of PSCI. Farther Finance Advisors LLC lifted its position in Invesco S&P SmallCap Industrials ETF by 133.3% during the fourth quarter. Farther Finance Advisors LLC now owns 700 shares of the company’s stock valued at $105,000 after purchasing an additional 400 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Invesco S&P SmallCap Industrials ETF during the 3rd quarter valued at about $213,000. JPMorgan Chase & Co. raised its position in shares of Invesco S&P SmallCap Industrials ETF by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,039 shares of the company’s stock valued at $305,000 after buying an additional 103 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of Invesco S&P SmallCap Industrials ETF by 6.0% in the 4th quarter. MML Investors Services LLC now owns 4,826 shares of the company’s stock valued at $724,000 after acquiring an additional 274 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Invesco S&P SmallCap Industrials ETF in the 1st quarter valued at about $802,000.

Invesco S&P SmallCap Industrials ETF Company Profile

(Get Free Report)

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. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.

Further Reading

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