Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Trading Up 0.1% – Here’s Why

Shares of Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) rose 0.1% during trading on Monday . The stock traded as high as $103.74 and last traded at $103.32. Approximately 311 shares changed hands during trading, a decline of 96% from the average daily volume of 8,414 shares. The stock had previously closed at $103.20.

Invesco S&P SmallCap Consumer Discretionary ETF Price Performance

The firm’s 50 day moving average price is $111.90 and its 200-day moving average price is $109.03. The stock has a market cap of $34.51 million, a P/E ratio of 12.91 and a beta of 1.26.

Invesco S&P SmallCap Consumer Discretionary ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.2857 dividend. This is a boost from Invesco S&P SmallCap Consumer Discretionary ETF’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.14 dividend on an annualized basis and a yield of 1.1%.

Hedge Funds Weigh In On Invesco S&P SmallCap Consumer Discretionary ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Beacon Pointe Advisors LLC purchased a new stake in Invesco S&P SmallCap Consumer Discretionary ETF during the second quarter valued at $201,000. LPL Financial LLC boosted its position in Invesco S&P SmallCap Consumer Discretionary ETF by 10.2% in the fourth quarter. LPL Financial LLC now owns 3,670 shares of the company’s stock worth $385,000 after purchasing an additional 340 shares during the last quarter. Hohimer Wealth Management LLC purchased a new stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF during the 4th quarter valued at about $614,000. Jones Financial Companies Lllp lifted its stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 18,166.1% in the 1st quarter. Jones Financial Companies Lllp now owns 10,777 shares of the company’s stock worth $993,000 after purchasing an additional 10,718 shares during the period. Finally, EP Wealth Advisors LLC lifted its stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 6.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 11,357 shares of the company’s stock worth $1,143,000 after purchasing an additional 735 shares during the period.

About Invesco S&P SmallCap Consumer Discretionary ETF

PowerShares S&P SmallCap Consumer Discretionary 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 Consumer Discretionary Index (the Underlying Index). The Underlying Index consists of common stocks of the United States consumer discretionary companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including, but not limited to, household durables, leisure products and services, computers and electronics, automobiles and auto components, hotel and restaurant services, and television and other entertainment goods and services.