Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Trading 0.4% Higher – Should You Buy?

Shares of Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) shot up 0.4% on Tuesday . The company traded as high as $65.32 and last traded at $65.32. 781 shares traded hands during trading, a decline of 79% from the average session volume of 3,743 shares. The stock had previously closed at $65.06.

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

The stock has a market capitalization of $17.64 million, a price-to-earnings ratio of 18.18 and a beta of 0.73. The firm has a 50-day moving average of $64.86 and a two-hundred day moving average of $63.03.

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

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

Hedge Funds Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% during the second quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock worth $389,000 after purchasing an additional 202 shares during the period. Advisory Services Network LLC acquired a new position in Invesco S&P SmallCap Utilities & Communication Services ETF in the 3rd quarter valued at approximately $58,000. Virtu Financial LLC lifted its position in Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% in the 3rd quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock worth $738,000 after buying an additional 4,378 shares in the last quarter. Parr Mcknight Wealth Management Group LLC purchased a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF in the 1st quarter worth approximately $501,000. Finally, IHT Wealth Management LLC lifted its position in 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 worth $1,280,000 after buying an additional 12,219 shares in the last quarter.

About Invesco S&P SmallCap Utilities & Communication Services ETF

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.