Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU – Get Free Report) shares shot up 1.2% during mid-day trading on Monday. The stock traded as high as $61.29 and last traded at $61.29. 233 shares changed hands during trading, a decline of 93% from the average daily volume of 3,364 shares. The stock had previously closed at $60.58.
Invesco S&P SmallCap Utilities & Communication Services ETF Stock Performance
The business has a fifty day moving average price of $61.71 and a 200 day moving average price of $62.43. The firm has a market capitalization of $17.50 million, a price-to-earnings ratio of 18.18 and a beta of 0.75.
Invesco S&P SmallCap Utilities & Communication Services ETF Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a dividend of $0.1381 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.55 annualized dividend and a dividend yield of 0.9%. This is an increase from Invesco S&P SmallCap Utilities & Communication Services ETF’s previous quarterly dividend of $0.0282.
Institutional Investors Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF
A hedge fund recently raised its position in Invesco S&P SmallCap Utilities & Communication Services ETF stock. Parr Mcknight Wealth Management Group LLC boosted its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU – Free Report) by 2.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,519 shares of the company’s stock after buying an additional 187 shares during the quarter. Parr Mcknight Wealth Management Group LLC owned 3.40% of Invesco S&P SmallCap Utilities & Communication Services ETF worth $574,000 at the end of the most recent quarter.
About Invesco S&P SmallCap Utilities & Communication Services ETF
PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable.
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