8,267 Shares in Invesco S&P SmallCap Materials ETF $PSCM Bought by Independent Wealth Network Inc.

Independent Wealth Network Inc. purchased a new position in shares of Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 8,267 shares of the company’s stock, valued at approximately $778,000.

Other hedge funds also recently modified their holdings of the company. Essex Financial Services Inc. purchased a new position in Invesco S&P SmallCap Materials ETF in the first quarter valued at approximately $205,000. Pacific Sun Financial Corp purchased a new stake in Invesco S&P SmallCap Materials ETF in the first quarter worth $214,000. Private Advisor Group LLC bought a new stake in shares of Invesco S&P SmallCap Materials ETF in the first quarter valued at $282,000. Finally, Parr Mcknight Wealth Management Group LLC purchased a new position in shares of Invesco S&P SmallCap Materials ETF during the 1st quarter valued at $538,000.

Invesco S&P SmallCap Materials ETF Stock Up 0.0%

PSCM traded up $0.03 during trading hours on Monday, hitting $93.24. The stock had a trading volume of 423 shares, compared to its average volume of 2,418. Invesco S&P SmallCap Materials ETF has a 1 year low of $72.75 and a 1 year high of $110.02. The company’s fifty day simple moving average is $97.76 and its 200 day simple moving average is $100.61. The stock has a market cap of $19.58 million, a PE ratio of 17.06 and a beta of 1.04.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a $0.2517 dividend. The ex-dividend date of this dividend was Monday, September 21st. This is a decrease from Invesco S&P SmallCap Materials ETF’s previous quarterly dividend of $0.2677. This represents a $1.01 dividend on an annualized basis and a dividend yield of 1.1%.

Invesco S&P SmallCap Materials ETF Profile

PowerShares S&P SmallCap Materials Portfolio (the Fund) is based on the S&P SmallCap 600 Capped Materials Index (Index). The Index is designed to measure the overall performance of common stocks of United States basic materials companies. These companies are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals. The Index is a subset of the S&P SmallCap 600 Index, which is a float-adjusted, market capitalization-weighted index reflecting the United States small-cap market.