Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Shares Up 1.2% – Should You Buy?

Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC – Get Free Report)’s share price rose 1.2% during mid-day trading on Monday. The company traded as high as $34.15 and last traded at $34.2140. Approximately 1,389 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 10,537 shares. The stock had previously closed at $33.80.

Invesco S&P SmallCap Consumer Staples ETF Price Performance

The company has a 50 day moving average of $35.57 and a 200-day moving average of $34.58. The company has a market capitalization of $34.69 million, a P/E ratio of 14.43 and a beta of 0.62.

Invesco S&P SmallCap Consumer Staples ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given a $0.2832 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.13 annualized dividend and a dividend yield of 3.3%. This is a positive change from Invesco S&P SmallCap Consumer Staples ETF’s previous quarterly dividend of $0.1158.

Institutional Investors Weigh In On Invesco S&P SmallCap Consumer Staples ETF

A number of large investors have recently modified their holdings of the stock. Compass Financial Management LLC bought a new position in Invesco S&P SmallCap Consumer Staples ETF in the second quarter worth about $424,000. Parr Mcknight Wealth Management Group LLC purchased a new stake in Invesco S&P SmallCap Consumer Staples ETF in the first quarter worth about $223,000. Finally, Envestnet Asset Management Inc. bought a new stake in Invesco S&P SmallCap Consumer Staples ETF during the 2nd quarter valued at approximately $214,000.

About Invesco S&P SmallCap Consumer Staples ETF

(Get Free Report)

PowerShares S&P SmallCap Consumer Staples 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 Consumer Staples Index (the Underlying Index). The Underlying Index consists of common stocks of United States consumer staples companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.

Further Reading

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