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

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU)’s stock price rose 1.9% during mid-day trading on Tuesday . The company traded as high as $66.06 and last traded at $66.06. Approximately 5,049 shares traded hands during trading, an increase of 27% from the average session volume of 3,974 shares. The stock had previously closed at $64.85.

Invesco S&P SmallCap Utilities & Communication Services ETF Price Performance

The stock has a market capitalization of $17.84 million, a PE ratio of 18.18 and a beta of 0.73. The company has a 50 day moving average price of $64.78 and a 200-day moving average price of $62.35.

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

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.0282 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.11 annualized dividend and a dividend yield of 0.2%.

Institutional Investors Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

Hedge funds have recently made changes to their positions in the company. IHT Wealth Management LLC grew its holdings in Invesco S&P SmallCap Utilities & Communication Services ETF by 121.7% in the fourth quarter. IHT Wealth Management LLC now owns 22,259 shares of the company’s stock worth $1,280,000 after purchasing an additional 12,219 shares during the period. Parr Mcknight Wealth Management Group LLC purchased a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the first quarter valued at approximately $501,000. Virtu Financial LLC boosted its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% in the 3rd quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock worth $738,000 after purchasing an additional 4,378 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the 3rd quarter worth approximately $58,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock worth $389,000 after buying an additional 202 shares during the last quarter.

Invesco S&P SmallCap Utilities & Communication Services ETF Company Profile

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.