Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Trading Down 1.9% – What’s Next?

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI)’s share price traded down 1.9% during trading on Tuesday . The company traded as low as $162.44 and last traded at $162.62. 7,012 shares changed hands during trading, an increase of 21% from the average session volume of 5,818 shares. The stock had previously closed at $165.75.

Invesco S&P SmallCap Industrials ETF Stock Down 1.9%

The firm has a market cap of $154.49 million, a P/E ratio of 23.47 and a beta of 1.21. The firm’s fifty day moving average is $152.87 and its two-hundred day moving average is $148.42.

Invesco S&P SmallCap Industrials ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a dividend of $1.52 per share. This represents a $6.08 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change 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

A number of institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC purchased a new stake in Invesco S&P SmallCap Industrials ETF in the third quarter worth about $45,000. CX Institutional purchased a new position in shares of Invesco S&P SmallCap Industrials ETF during the 3rd quarter worth approximately $186,000. Envestnet Asset Management Inc. bought a new position in shares of Invesco S&P SmallCap Industrials ETF in the 3rd quarter worth approximately $213,000. Novak & Powell Financial Services Inc. purchased a new position in shares of Invesco S&P SmallCap Industrials ETF in the 3rd quarter valued at approximately $219,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Invesco S&P SmallCap Industrials ETF by 5.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,039 shares of the company’s stock valued at $305,000 after purchasing an additional 103 shares during the period.

About Invesco S&P SmallCap Industrials ETF

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.