Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Stock Price Down 1.7% – Here’s What Happened

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) was down 1.7% during mid-day trading on Thursday . The company traded as low as $49.96 and last traded at $50.50. Approximately 26,483 shares traded hands during 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 Price Performance

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

Invesco S&P SmallCap Energy ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PSCE. Harbor Capital Advisors Inc. boosted its holdings in 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 buying an additional 32,533 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of 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 valued at $3,477,000 after acquiring an additional 2,937 shares during the last quarter. Bank of America Corp DE lifted its position in shares of 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 valued at $404,000 after acquiring an additional 2,447 shares in the last quarter. Arkadios Wealth Advisors boosted its stake 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 worth $261,000 after acquiring an additional 323 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of Invesco S&P SmallCap Energy ETF by 47.1% in the second quarter. Osaic Holdings Inc. now owns 5,742 shares of the company’s stock worth $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.