Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Shares Climb 0.1% – Here’s What Happened

Shares of Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) rose 0.1% during trading on Monday. The company traded as high as $59.46 and last traded at $59.4910. 685 shares changed hands during trading, a decline of 80% from the average daily volume of 3,345 shares. The stock had previously closed at $59.42.

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

The company has a market capitalization of $14.28 million, a PE ratio of 18.18 and a beta of 0.75. The business’s 50-day moving average is $63.34 and its 200-day moving average is $63.93.

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

The company also recently disclosed 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 a positive change from Invesco S&P SmallCap Utilities & Communication Services ETF’s previous quarterly dividend of $0.0282. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.55 annualized dividend and a yield of 0.9%.

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

An institutional investor recently bought a new position in Invesco S&P SmallCap Utilities & Communication Services ETF stock. Parr Mcknight Wealth Management Group LLC bought a new position in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 8,321 shares of the company’s stock, valued at approximately $501,000. Parr Mcknight Wealth Management Group LLC owned about 3.47% of Invesco S&P SmallCap Utilities & Communication Services ETF as of its most recent filing with the SEC.

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.