Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Shares Climb 0.1% – Here’s Why

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF – Get Free Report)’s stock price was up 0.1% during mid-day trading on Monday. The company traded as high as $61.54 and last traded at $61.5530. Approximately 234 shares were traded during mid-day trading, a decline of 94% from the average session volume of 3,842 shares. The stock had previously closed at $61.50.

Invesco S&P SmallCap Financials ETF Stock Performance

The company’s fifty day simple moving average is $65.32 and its two-hundred day simple moving average is $63.20. The company has a market capitalization of $27.70 million, a price-to-earnings ratio of 15.25 and a beta of 0.96.

Invesco S&P SmallCap Financials ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a $0.3868 dividend. The ex-dividend date was Monday, September 21st. This is a positive change from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.3128. This represents a $1.55 dividend on an annualized basis and a yield of 2.5%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Invesco S&P SmallCap Financials ETF stock. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF – Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 40,332 shares of the company’s stock, valued at approximately $2,293,000. Parr Mcknight Wealth Management Group LLC owned approximately 10.08% of Invesco S&P SmallCap Financials ETF as of its most recent filing with the SEC.

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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