Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Trading 0.2% Higher – Time to Buy?

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) shares traded up 0.2% during mid-day trading on Friday . The company traded as high as $66.67 and last traded at $66.67. Approximately 387 shares were traded during mid-day trading, a decline of 90% from the average session volume of 3,937 shares. The stock had previously closed at $66.52.

Invesco S&P SmallCap Financials ETF Stock Up 0.2%

The company’s 50-day moving average is $66.58 and its 200-day moving average is $62.54. The stock has a market capitalization of $27.33 million, a price-to-earnings ratio of 15.25 and a beta of 0.92.

Invesco S&P SmallCap Financials ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.3128 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.9%.

Institutional Trading of Invesco S&P SmallCap Financials ETF

Institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. purchased a new position in Invesco S&P SmallCap Financials ETF in the first quarter worth approximately $220,000. LPL Financial LLC raised its position in Invesco S&P SmallCap Financials ETF by 5.9% in the fourth quarter. LPL Financial LLC now owns 5,472 shares of the company’s stock valued at $315,000 after purchasing an additional 306 shares during the period. Virtu Financial LLC raised its position in Invesco S&P SmallCap Financials ETF by 21.6% in the third quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock valued at $396,000 after purchasing an additional 1,229 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Invesco S&P SmallCap Financials ETF by 13.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock valued at $610,000 after purchasing an additional 1,263 shares during the last quarter. Finally, Hohimer Wealth Management LLC acquired a new position in shares of Invesco S&P SmallCap Financials ETF in the 4th quarter valued at $661,000.

About Invesco S&P SmallCap Financials ETF

PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).