Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Trading 1.6% Higher – What’s Next?

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) traded up 1.6% during trading on Thursday . The company traded as high as $59.99 and last traded at $59.90. 2,146 shares changed hands during trading, a decline of 1% from the average session volume of 2,165 shares. The stock had previously closed at $58.95.

Invesco S&P SmallCap Financials ETF Stock Performance

The firm’s 50 day moving average is $57.73 and its 200-day moving average is $56.97. The stock has a market capitalization of $21.00 million, a price-to-earnings ratio of 15.25 and a beta of 1.02.

Invesco S&P SmallCap Financials ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.2941 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.0%.

Institutional Investors Weigh In On Invesco S&P SmallCap Financials ETF

A number of institutional investors have recently modified their holdings of the business. Founders Financial Alliance LLC purchased a new position in shares of Invesco S&P SmallCap Financials ETF in the 3rd quarter valued at about $32,000. Goldman Sachs Group Inc. acquired a new stake in Invesco S&P SmallCap Financials ETF in the first quarter valued at approximately $220,000. Virtu Financial LLC increased its position in shares of Invesco S&P SmallCap Financials ETF by 21.6% in the third quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock valued at $396,000 after buying an additional 1,229 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Invesco S&P SmallCap Financials ETF by 13.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock worth $610,000 after buying an additional 1,263 shares during the period.

About Invesco S&P SmallCap Financials ETF

PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).