Riverbridge Partners LLC Makes New Investment in Invesco S&P SmallCap Industrials ETF $PSCI

Riverbridge Partners LLC purchased a new position in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,935 shares of the company’s stock, valued at approximately $2,063,000. Riverbridge Partners LLC owned approximately 1.27% of Invesco S&P SmallCap Industrials ETF as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in shares of Invesco S&P SmallCap Industrials ETF by 345,363.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 38,001 shares of the company’s stock valued at $6,132,000 after purchasing an additional 37,990 shares during the period. Parr Mcknight Wealth Management Group LLC increased its stake in shares of Invesco S&P SmallCap Industrials ETF by 2.2% during the third quarter. Parr Mcknight Wealth Management Group LLC now owns 10,952 shares of the company’s stock worth $1,747,000 after purchasing an additional 240 shares in the last quarter. Valley National Advisers Inc. purchased a new stake in shares of Invesco S&P SmallCap Industrials ETF during the third quarter worth about $135,000. Independent Wealth Network Inc. raised its position in shares of Invesco S&P SmallCap Industrials ETF by 8.5% during the 3rd quarter. Independent Wealth Network Inc. now owns 4,776 shares of the company’s stock worth $762,000 after purchasing an additional 375 shares during the last quarter. Finally, Congress Asset Management Co. acquired a new position in shares of Invesco S&P SmallCap Industrials ETF during the 3rd quarter worth about $3,676,000.

Invesco S&P SmallCap Industrials ETF Trading Up 1.3%

Shares of Invesco S&P SmallCap Industrials ETF stock opened at $167.39 on Thursday. The firm has a market capitalization of $170.74 million, a PE ratio of 19.10 and a beta of 1.16. Invesco S&P SmallCap Industrials ETF has a twelve month low of $138.89 and a twelve month high of $187.05. The firm’s 50-day moving average price is $163.58 and its 200 day moving average price is $169.20.

Invesco S&P SmallCap Industrials ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a dividend of $0.2063 per share. This is an increase from Invesco S&P SmallCap Industrials ETF’s previous quarterly dividend of $0.1960. The ex-dividend date was Monday, September 21st. This represents a $0.83 annualized dividend and a yield of 0.5%.

About Invesco S&P SmallCap Industrials ETF

PowerShares S&P SmallCap Industrials 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 Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.