Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Stock Price Down 1.6%
Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) was down 1.6% on Tuesday . The company traded as low as $46.05 and last traded at $46.05, approximately 156 shares changed hands during mid-day trading. A decline of 93% from the average daily volume of 2,298 shares. The stock had previously closed at $46.81.
The business has a fifty day moving average of $42.38 and a two-hundred day moving average of $45.34.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Concentrum Wealth Management acquired a new position in Invesco S&P SmallCap Materials ETF in the 1st quarter worth about $210,000. Pacific Sun Financial Corp acquired a new position in Invesco S&P SmallCap Materials ETF in the 2nd quarter worth about $243,000. Royal Bank of Canada raised its holdings in Invesco S&P SmallCap Materials ETF by 88.0% in the 2nd quarter. Royal Bank of Canada now owns 22,260 shares of the company’s stock worth $1,018,000 after purchasing an additional 10,419 shares during the period. Finally, Citadel Advisors LLC raised its holdings in Invesco S&P SmallCap Materials ETF by 376.3% in the 2nd quarter. Citadel Advisors LLC now owns 26,612 shares of the company’s stock worth $1,225,000 after purchasing an additional 21,025 shares during the period.
PowerShares S&P SmallCap Materials Portfolio (the Fund) is based on the S&P SmallCap 600 Capped Materials Index (Index). The Index is designed to measure the overall performance of common stocks of United States basic materials companies. These companies are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals.
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