Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Shares Down 6.3% – What’s Next?

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) dropped 6.3% on Monday. The stock traded as low as $56.83 and last traded at $56.83. 33,935 shares were traded during mid-day trading, an increase of 2% from the average session volume of 33,261 shares. The stock had previously closed at $60.63.

Invesco S&P SmallCap Energy ETF Stock Performance

The firm has a market capitalization of $98.88 million, a PE ratio of 9.69 and a beta of 0.85. The firm has a fifty day moving average of $60.59 and a 200 day moving average of $58.24.

Invesco S&P SmallCap Energy ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were paid a $0.4107 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.9%. This is a boost from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.4104. The ex-dividend date was Monday, September 21st.

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

A number of hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new position in Invesco S&P SmallCap Energy ETF during the 3rd quarter worth $781,000. Parr Mcknight Wealth Management Group LLC acquired a new stake in Invesco S&P SmallCap Energy ETF during the third quarter worth about $597,000. Farther Finance Advisors LLC acquired a new stake in Invesco S&P SmallCap Energy ETF during the third quarter worth about $178,000. First Growth Capital LLC lifted 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 worth $554,000 after acquiring an additional 649 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC raised its position in shares of Invesco S&P SmallCap Energy ETF by 15.8% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 5,796 shares of the company’s stock worth $343,000 after purchasing an additional 790 shares during the period.

Invesco S&P SmallCap Energy ETF Company Profile

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.