Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Stock Falls 1.3% – Here’s Why

Shares of Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) traded down 1.3% during mid-day trading on Friday. The company traded as low as $62.62 and last traded at $62.71. 1,697 shares traded hands during trading, a decline of 56% from the average daily volume of 3,890 shares. The stock had previously closed at $63.53.

Invesco S&P SmallCap Financials ETF Stock Performance

The stock has a fifty day moving average of $63.25 and a 200-day moving average of $62.24. The company has a market cap of $29.47 million, a PE ratio of 15.25 and a beta of 0.96.

Invesco S&P SmallCap Financials ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a $0.3868 dividend. The ex-dividend date was Monday, September 21st. This is a positive change from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.3128. This represents a $1.55 dividend on an annualized basis and a yield of 2.5%.

Institutional Trading of Invesco S&P SmallCap Financials ETF

A hedge fund recently bought a new position in Invesco S&P SmallCap Financials ETF stock. Envestnet Asset Management Inc. bought a new stake in shares of Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,826 shares of the company’s stock, valued at approximately $639,000. Envestnet Asset Management Inc. owned 2.18% of Invesco S&P SmallCap Financials ETF at the end of the most recent quarter.

Invesco S&P SmallCap Financials ETF Company Profile

PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).