Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Stock Price Down 0.3% – Here’s Why

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) shares were down 0.3% during mid-day trading on Wednesday . The company traded as low as $58.94 and last traded at $59.00. 9,597 shares traded hands during trading, a decline of 73% from the average session volume of 35,976 shares. The stock had previously closed at $59.16.

Invesco S&P SmallCap Energy ETF Price Performance

The company has a market cap of $104.43 million, a PE ratio of 9.69 and a beta of 0.75. The firm has a 50-day simple moving average of $60.47 and a two-hundred day simple moving average of $59.62.

Invesco S&P SmallCap Energy ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.4107 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, September 21st.

Institutional Trading of Invesco S&P SmallCap Energy ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Walkner Condon Financial Advisors LLC boosted its holdings in shares of Invesco S&P SmallCap Energy ETF by 15.8% during the first quarter. Walkner Condon Financial Advisors LLC now owns 5,796 shares of the company’s stock worth $343,000 after purchasing an additional 790 shares during the last quarter. Parr Mcknight Wealth Management Group LLC purchased a new stake in Invesco S&P SmallCap Energy ETF in the 1st quarter valued at about $457,000. First Growth Capital LLC acquired a new position in shares of Invesco S&P SmallCap Energy ETF during the 4th quarter valued at about $375,000. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Invesco S&P SmallCap Energy ETF by 1.0% during the 1st quarter. Kestra Advisory Services LLC now owns 16,178 shares of the company’s stock worth $986,000 after acquiring an additional 159 shares during the period.

About Invesco S&P SmallCap Energy ETF

PowerShares S&P SmallCap Energy Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Energy Index (the Underlying Index). The Underlying Index consists of common stocks of the United States energy companies that are principally engaged in the business of producing, distributing or servicing energy-related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil-based energy.