Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Stock Price Up 0.8% – Here’s Why

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCMGet Free Report) shot up 0.8% during mid-day trading on Friday . The stock traded as high as $100.71 and last traded at $100.54. Approximately 393 shares were traded during mid-day trading, a decline of 86% from the average session volume of 2,732 shares. The stock had previously closed at $99.78.

Invesco S&P SmallCap Materials ETF Stock Up 0.8%

The firm has a fifty day simple moving average of $99.53 and a 200-day simple moving average of $100.77. The company has a market cap of $21.11 million, a PE ratio of 17.06 and a beta of 1.03.

Invesco S&P SmallCap Materials ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a dividend of $0.2677 per share. This represents a $1.07 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, June 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PSCM. Raymond James Financial Inc. acquired a new stake in Invesco S&P SmallCap Materials ETF during the 2nd quarter worth $53,000. Virtu Financial LLC grew its position in Invesco S&P SmallCap Materials ETF by 13.6% during the 3rd quarter. Virtu Financial LLC now owns 16,393 shares of the company’s stock worth $1,272,000 after purchasing an additional 1,963 shares during the last quarter. Essex Financial Services Inc. acquired a new position in Invesco S&P SmallCap Materials ETF in the first quarter valued at $205,000. Pacific Sun Financial Corp acquired a new position in Invesco S&P SmallCap Materials ETF in the first quarter valued at $214,000. Finally, Jane Street Group LLC acquired a new position in Invesco S&P SmallCap Materials ETF in the fourth quarter valued at $226,000.

About Invesco S&P SmallCap Materials ETF

(Get Free Report)

PowerShares S&P SmallCap Materials Portfolio (the Fund) is based on the S&P SmallCap 600 Capped Materials Index (Index). The Index is designed to measure the overall performance of common stocks of United States basic materials companies. These companies are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals. The Index is a subset of the S&P SmallCap 600 Index, which is a float-adjusted, market capitalization-weighted index reflecting the United States small-cap market.

Further Reading

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