Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Shares Up 0.6% – What’s Next?

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) shares shot up 0.6% during trading on Monday . The stock traded as high as $44.29 and last traded at $43.92. 5,184 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 17,658 shares. The stock had previously closed at $43.64.

Invesco S&P SmallCap Energy ETF Stock Performance

The company has a 50-day simple moving average of $42.81 and a two-hundred day simple moving average of $40.94. The firm has a market capitalization of $61.49 million, a P/E ratio of 9.69 and a beta of 1.00.

Invesco S&P SmallCap Energy ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a dividend of $0.2403 per share. The ex-dividend date was Monday, September 22nd. This represents a $0.96 annualized dividend and a dividend yield of 2.2%.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its position in shares of Invesco S&P SmallCap Energy ETF by 41.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 110,188 shares of the company’s stock worth $4,696,000 after purchasing an additional 32,533 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in Invesco S&P SmallCap Energy ETF during the 1st quarter valued at about $624,000. iA Global Asset Management Inc. bought a new stake in Invesco S&P SmallCap Energy ETF during the 1st quarter valued at about $495,000. Belpointe Asset Management LLC purchased a new position in Invesco S&P SmallCap Energy ETF in the first quarter worth about $335,000. Finally, Arkadios Wealth Advisors purchased a new position in Invesco S&P SmallCap Energy ETF in the first quarter worth about $244,000.

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.