Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Stock Price Up 1.7% – Here’s Why

Shares of Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) shot up 1.7% during mid-day trading on Tuesday . The company traded as high as $62.95 and last traded at $62.60. 1,990 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 3,954 shares. The stock had previously closed at $61.53.

Invesco S&P SmallCap Financials ETF Stock Up 1.7%

The business has a 50-day moving average price of $60.83 and a 200-day moving average price of $59.38. The firm has a market capitalization of $25.04 million, a PE ratio of 15.25 and a beta of 0.94.

Invesco S&P SmallCap Financials ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.4002 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, March 23rd.

Institutional Investors Weigh In On Invesco S&P SmallCap Financials ETF

A number of large investors have recently made changes to their positions in the stock. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Invesco S&P SmallCap Financials ETF in the first quarter valued at approximately $2,293,000. Virtu Financial LLC grew its position in shares of Invesco S&P SmallCap Financials ETF by 4.4% in the fourth quarter. Virtu Financial LLC now owns 7,214 shares of the company’s stock valued at $415,000 after purchasing an additional 306 shares in the last quarter. Hohimer Wealth Management LLC purchased a new stake in shares of Invesco S&P SmallCap Financials ETF in the fourth quarter valued at approximately $661,000. LPL Financial LLC grew its position in shares of Invesco S&P SmallCap Financials ETF by 5.9% in the fourth quarter. LPL Financial LLC now owns 5,472 shares of the company’s stock valued at $315,000 after purchasing an additional 306 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of Invesco S&P SmallCap Financials ETF by 4.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 32,850 shares of the company’s stock valued at $1,889,000 after purchasing an additional 1,545 shares in the last quarter.

Invesco S&P SmallCap Financials ETF Company Profile

PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).