Parr Mcknight Wealth Management Group LLC Takes $501,000 Position in Invesco S&P SmallCap Utilities & Communication Services ETF $PSCU

Parr Mcknight Wealth Management Group LLC purchased a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) during the first quarter, according to its most recent filing with the SEC. The firm purchased 8,321 shares of the company’s stock, valued at approximately $501,000. Parr Mcknight Wealth Management Group LLC owned 3.47% of Invesco S&P SmallCap Utilities & Communication Services ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% in the second quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock valued at $389,000 after purchasing an additional 202 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF in the third quarter worth $58,000. Virtu Financial LLC boosted its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% during the third quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock worth $738,000 after purchasing an additional 4,378 shares in the last quarter. Finally, IHT Wealth Management LLC grew its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 121.7% in the 4th quarter. IHT Wealth Management LLC now owns 22,259 shares of the company’s stock valued at $1,280,000 after buying an additional 12,219 shares during the period.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Up 0.4%

PSCU opened at $64.71 on Tuesday. Invesco S&P SmallCap Utilities & Communication Services ETF has a 12 month low of $53.43 and a 12 month high of $66.85. The company has a fifty day simple moving average of $64.59 and a 200 day simple moving average of $61.57. The stock has a market cap of $17.47 million, a P/E ratio of 18.18 and a beta of 0.72.

Invesco S&P SmallCap Utilities & Communication Services ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.0282 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.11 annualized dividend and a yield of 0.2%.

Invesco S&P SmallCap Utilities & Communication Services ETF Profile

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable.