Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Trading Down 1.9% – Here’s Why

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU)’s stock price fell 1.9% during mid-day trading on Monday . The company traded as low as $57.68 and last traded at $57.6550. 299 shares were traded during trading, a decline of 86% from the average session volume of 2,069 shares. The stock had previously closed at $58.80.

Invesco S&P SmallCap Utilities & Communication Services ETF Trading Down 1.9%

The company has a market cap of $13.26 million, a price-to-earnings ratio of 18.18 and a beta of 0.82. The stock’s fifty day simple moving average is $58.19 and its 200 day simple moving average is $57.81.

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

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.231 per share. This represents a $0.92 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, December 22nd.

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

Several institutional investors have recently added to or reduced their stakes in PSCU. IHT Wealth Management LLC grew its position in Invesco S&P SmallCap Utilities & Communication Services ETF by 121.7% during the fourth quarter. IHT Wealth Management LLC now owns 22,259 shares of the company’s stock worth $1,280,000 after buying an additional 12,219 shares during the period. Virtu Financial LLC increased its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% during the 3rd quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock worth $738,000 after buying an additional 4,378 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% in the second quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock valued at $389,000 after buying an additional 202 shares during the period. Advisory Services Network LLC acquired a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter worth about $58,000. Finally, Global Retirement Partners LLC grew its holdings in Invesco S&P SmallCap Utilities & Communication Services ETF by 13.4% during the 3rd quarter. Global Retirement Partners LLC now owns 3,467 shares of the company’s stock valued at $199,000 after purchasing an additional 411 shares in the last quarter.

About Invesco S&P SmallCap Utilities & Communication Services ETF

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.