Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Stock Jumps 1.2% – What’s Next?

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) was up 1.2% during mid-day trading on Monday. The company traded as high as $61.29 and last traded at $61.29. Approximately 233 shares traded hands during trading, a decline of 93% from the average daily volume of 3,364 shares. The stock had previously closed at $60.58.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Performance

The company’s 50 day moving average price is $61.85 and its 200 day moving average price is $62.40. The company has a market cap of $17.16 million, a price-to-earnings ratio of 18.18 and a beta of 0.75.

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

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a dividend of $0.1381 per share. This is an increase from Invesco S&P SmallCap Utilities & Communication Services ETF’s previous quarterly dividend of $0.0282. The ex-dividend date was Monday, September 21st. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.9%.

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

A hedge fund recently raised its position in Invesco S&P SmallCap Utilities & Communication Services ETF stock. NewEdge Advisors LLC raised its holdings in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) by 29,629.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,297 shares of the company’s stock after purchasing an additional 22,222 shares during the quarter. NewEdge Advisors LLC owned approximately 8.26% of Invesco S&P SmallCap Utilities & Communication Services ETF worth $1,473,000 as of its most recent SEC filing.

Invesco S&P SmallCap Utilities & Communication Services ETF Company Profile

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.