Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Trading 1.4% Higher – Should You Buy?

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCFGet Free Report) shares traded up 1.4% during mid-day trading on Monday . The stock traded as high as $61.12 and last traded at $60.98. 2,523 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 4,423 shares. The stock had previously closed at $60.15.

Invesco S&P SmallCap Financials ETF Stock Performance

The company’s 50 day moving average price is $59.45 and its 200-day moving average price is $58.78. The company has a market cap of $24.61 million, a price-to-earnings ratio of 15.25 and a beta of 0.95.

Invesco S&P SmallCap Financials ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.4002 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.6%. This is an increase from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PSCF. Goldman Sachs Group Inc. purchased a new position in shares of Invesco S&P SmallCap Financials ETF in the first quarter worth approximately $220,000. Founders Financial Alliance LLC purchased a new position in shares of Invesco S&P SmallCap Financials ETF in the third quarter worth approximately $32,000. Tower Research Capital LLC TRC increased its position in shares of Invesco S&P SmallCap Financials ETF by 13.5% in the third quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock worth $610,000 after acquiring an additional 1,263 shares in the last quarter. Virtu Financial LLC increased its position in shares of Invesco S&P SmallCap Financials ETF by 21.6% in the third quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock worth $396,000 after acquiring an additional 1,229 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of Invesco S&P SmallCap Financials ETF by 4.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 32,850 shares of the company’s stock worth $1,889,000 after acquiring an additional 1,545 shares in the last quarter.

About Invesco S&P SmallCap Financials ETF

(Get Free Report)

PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).

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