Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Shares Cross Below 200 Day Moving Average – Here’s Why

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) shares passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $58.24 and traded as low as $56.83. Invesco S&P SmallCap Energy ETF shares last traded at $56.83, with a volume of 33,935 shares.

Invesco S&P SmallCap Energy ETF Stock Down 6.3%

The stock’s fifty day simple moving average is $60.59 and its 200-day simple moving average is $58.24. The company has a market capitalization of $98.88 million, a PE ratio of 9.69 and a beta of 0.85.

Invesco S&P SmallCap Energy 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 issued a $0.4107 dividend. The ex-dividend date was Monday, September 21st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.9%. This is an increase from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.4104.

Hedge Funds Weigh In On Invesco S&P SmallCap Energy ETF

Several hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in Invesco S&P SmallCap Energy ETF during the third quarter worth $781,000. Parr Mcknight Wealth Management Group LLC purchased a new stake in Invesco S&P SmallCap Energy ETF during the third quarter worth $597,000. Farther Finance Advisors LLC purchased a new stake in Invesco S&P SmallCap Energy ETF during the third quarter worth $178,000. First Growth Capital LLC grew its holdings in Invesco S&P SmallCap Energy ETF by 7.4% in the first quarter. First Growth Capital LLC now owns 9,371 shares of the company’s stock valued at $554,000 after purchasing an additional 649 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC grew its holdings in Invesco S&P SmallCap Energy ETF by 15.8% in the first quarter. Walkner Condon Financial Advisors LLC now owns 5,796 shares of the company’s stock valued at $343,000 after purchasing an additional 790 shares during the last quarter.

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.