Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Trading Down 1.7% – Should You Sell?

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) shares were down 1.7% during trading on Thursday . The stock traded as low as $49.96 and last traded at $50.50. Approximately 26,483 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 36,833 shares. The stock had previously closed at $51.35.

Invesco S&P SmallCap Energy ETF Trading Down 1.7%

The company has a market cap of $83.83 million, a price-to-earnings ratio of 9.69 and a beta of 1.00. The stock has a 50-day simple moving average of $45.71 and a 200-day simple moving average of $43.08.

Invesco S&P SmallCap Energy ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 2.3%. This is a boost from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.24. The ex-dividend date was Monday, December 22nd.

Hedge Funds Weigh In On Invesco S&P SmallCap Energy ETF

Several hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. raised its holdings in shares of Invesco S&P SmallCap Energy ETF by 41.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 110,188 shares of the company’s stock worth $4,696,000 after purchasing an additional 32,533 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Invesco S&P SmallCap Energy ETF by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 82,985 shares of the company’s stock worth $3,477,000 after buying an additional 2,937 shares in the last quarter. Bank of America Corp DE grew its position in Invesco S&P SmallCap Energy ETF by 34.8% in the third quarter. Bank of America Corp DE now owns 9,483 shares of the company’s stock worth $404,000 after buying an additional 2,447 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Invesco S&P SmallCap Energy ETF by 5.6% in the third quarter. Arkadios Wealth Advisors now owns 6,114 shares of the company’s stock valued at $261,000 after buying an additional 323 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of Invesco S&P SmallCap Energy ETF by 47.1% during the 2nd quarter. Osaic Holdings Inc. now owns 5,742 shares of the company’s stock valued at $223,000 after acquiring an additional 1,839 shares during the last quarter.

Invesco S&P SmallCap Energy ETF Company Profile

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.