Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Stock Price Down 2.9% – Here’s Why

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD)’s stock price traded down 2.9% during trading on Monday . The stock traded as low as $110.88 and last traded at $112.1860. 5,015 shares changed hands during trading, a decline of 57% from the average session volume of 11,666 shares. The stock had previously closed at $115.59.

Invesco S&P SmallCap Consumer Discretionary ETF Stock Down 2.9%

The company’s fifty day moving average is $111.45 and its two-hundred day moving average is $109.25. The firm has a market capitalization of $37.02 million, a price-to-earnings ratio of 12.91 and a beta of 1.26.

Invesco S&P SmallCap Consumer Discretionary ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $0.2857 dividend. This is a boost from Invesco S&P SmallCap Consumer Discretionary ETF’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.0%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PSCD. Beacon Pointe Advisors LLC bought a new position in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the second quarter worth about $201,000. LPL Financial LLC boosted its position in Invesco S&P SmallCap Consumer Discretionary ETF by 10.2% during the 4th quarter. LPL Financial LLC now owns 3,670 shares of the company’s stock worth $385,000 after acquiring an additional 340 shares during the last quarter. Hohimer Wealth Management LLC bought a new position in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the 4th quarter worth approximately $614,000. Jones Financial Companies Lllp raised its holdings in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 18,166.1% in the first quarter. Jones Financial Companies Lllp now owns 10,777 shares of the company’s stock valued at $993,000 after purchasing an additional 10,718 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its position in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 6.9% in the second quarter. EP Wealth Advisors LLC now owns 11,357 shares of the company’s stock worth $1,143,000 after purchasing an additional 735 shares in the last quarter.

About Invesco S&P SmallCap Consumer Discretionary ETF

PowerShares S&P SmallCap Consumer Discretionary 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 Consumer Discretionary Index (the Underlying Index). The Underlying Index consists of common stocks of the United States consumer discretionary companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including, but not limited to, household durables, leisure products and services, computers and electronics, automobiles and auto components, hotel and restaurant services, and television and other entertainment goods and services.