Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Trading 2.6% Higher – Here’s Why

Shares of Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) rose 2.6% during mid-day trading on Monday . The stock traded as high as $60.48 and last traded at $60.31. Approximately 19,238 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 45,661 shares. The stock had previously closed at $58.77.

Invesco S&P SmallCap Energy ETF Trading Up 2.6%

The firm has a market cap of $116.40 million, a price-to-earnings ratio of 9.69 and a beta of 0.71. The company has a fifty day moving average price of $60.81 and a 200-day moving average price of $53.52.

Invesco S&P SmallCap Energy ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.3347 dividend. This is a boost from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.34 annualized dividend and a dividend yield of 2.2%.

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

Several institutional investors and hedge funds have recently modified their holdings of PSCE. Goldman Sachs Group Inc. lifted its holdings in shares of Invesco S&P SmallCap Energy ETF by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 82,985 shares of the company’s stock valued at $3,477,000 after buying an additional 2,937 shares during the period. Osaic Holdings Inc. raised its holdings in Invesco S&P SmallCap Energy ETF by 47.1% in the 2nd quarter. Osaic Holdings Inc. now owns 5,742 shares of the company’s stock worth $223,000 after purchasing an additional 1,839 shares during the period. Kazazian Asset Management LLC acquired a new position in Invesco S&P SmallCap Energy ETF in the 3rd quarter worth about $213,000. Bank of America Corp DE raised its holdings in Invesco S&P SmallCap Energy ETF by 34.8% in the 3rd quarter. Bank of America Corp DE now owns 9,483 shares of the company’s stock worth $404,000 after purchasing an additional 2,447 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Invesco S&P SmallCap Energy ETF by 62.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,600 shares of the company’s stock worth $112,000 after purchasing an additional 1,000 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.