Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Stock Price Down 1.1% – Should You Sell?

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) shares fell 1.1% on Thursday . The stock traded as low as $58.49 and last traded at $58.60. 21,142 shares traded hands during trading, a decline of 49% from the average session volume of 41,456 shares. The stock had previously closed at $59.28.

Invesco S&P SmallCap Energy ETF Stock Performance

The stock has a market capitalization of $100.21 million, a PE ratio of 9.69 and a beta of 0.71. The stock’s 50 day moving average is $58.16 and its two-hundred day moving average is $56.51.

Invesco S&P SmallCap Energy ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.4104 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, June 22nd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PSCE. First Growth Capital LLC boosted its stake in Invesco S&P SmallCap Energy ETF by 7.4% during the 1st quarter. First Growth Capital LLC now owns 9,371 shares of the company’s stock worth $554,000 after purchasing an additional 649 shares during the last quarter. Parr Mcknight Wealth Management Group LLC purchased a new position in shares of Invesco S&P SmallCap Energy ETF in the first quarter worth about $457,000. Kestra Advisory Services LLC boosted its position in Invesco S&P SmallCap Energy ETF by 1.0% during the first quarter. Kestra Advisory Services LLC now owns 16,178 shares of the company’s stock worth $986,000 after acquiring an additional 159 shares during the last quarter. Walkner Condon Financial Advisors LLC grew its stake in Invesco S&P SmallCap Energy ETF by 15.8% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 5,796 shares of the company’s stock valued at $343,000 after acquiring an additional 790 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in Invesco S&P SmallCap Energy ETF during the 4th quarter valued at about $204,000.

About Invesco S&P SmallCap Energy ETF

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.