Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $62.50 and traded as high as $62.90. Invesco S&P SmallCap Utilities & Communication Services ETF shares last traded at $62.9210, with a volume of 298 shares trading hands.
Invesco S&P SmallCap Utilities & Communication Services ETF Stock Up 0.8%
The company has a 50-day moving average price of $61.43 and a 200-day moving average price of $62.50. The company has a market capitalization of $17.62 million, a price-to-earnings ratio of 13.79 and a beta of 0.76.
Invesco S&P SmallCap Utilities & Communication Services ETF Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a dividend of $0.1381 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Invesco S&P SmallCap Utilities & Communication Services ETF’s previous quarterly dividend of $0.0282. The ex-dividend date was Monday, September 21st.
Institutional Investors Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF
An institutional investor recently raised its stake in Invesco S&P SmallCap Utilities & Communication Services ETF stock. NewEdge Advisors LLC raised its stake in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU – Free Report) by 29,629.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,297 shares of the company’s stock after purchasing an additional 22,222 shares during the period. NewEdge Advisors LLC owned approximately 8.26% of Invesco S&P SmallCap Utilities & Communication Services ETF worth $1,473,000 as of its most recent SEC filing.
Invesco S&P SmallCap Utilities & Communication Services ETF Company Profile
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. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable.
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