Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Trading 0.2% Higher – Here’s Why

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF – Get Free Report) was up 0.2% during mid-day trading on Friday . The stock traded as high as $66.67 and last traded at $66.67. Approximately 387 shares traded hands during trading, a decline of 90% from the average daily volume of 3,937 shares. The stock had previously closed at $66.52.

Invesco S&P SmallCap Financials ETF Stock Performance

The company has a market cap of $27.33 million, a P/E ratio of 15.25 and a beta of 0.92. The business has a fifty day simple moving average of $66.58 and a 200 day simple moving average of $62.54.

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Invesco S&P SmallCap Financials ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.3128 per share. This represents a $1.25 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, June 22nd.

Hedge Funds Weigh In On Invesco S&P SmallCap Financials ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Parr Mcknight Wealth Management Group LLC bought a new stake in Invesco S&P SmallCap Financials ETF during the first quarter valued at $2,293,000. Hohimer Wealth Management LLC bought a new position in shares of Invesco S&P SmallCap Financials ETF in the 4th quarter worth about $661,000. Goldman Sachs Group Inc. acquired a new position in shares of Invesco S&P SmallCap Financials ETF in the 1st quarter valued at about $220,000. Tower Research Capital LLC TRC boosted its holdings in shares of Invesco S&P SmallCap Financials ETF by 13.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock valued at $610,000 after buying an additional 1,263 shares during the period. Finally, Virtu Financial LLC grew its position in shares of Invesco S&P SmallCap Financials ETF by 21.6% during the 3rd quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock valued at $396,000 after buying an additional 1,229 shares during the last quarter.

Invesco S&P SmallCap Financials ETF Company Profile

(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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