Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Stock Falls 1.5% – Here’s What Happened

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) was down 1.5% on Friday. The company traded as low as $161.87 and last traded at $162.91. 4,987 shares traded hands during trading, a decline of 61% from the average daily volume of 12,785 shares. The stock had previously closed at $165.42.

Invesco S&P SmallCap Industrials ETF Trading Down 1.5%

The firm has a market cap of $166.17 million, a price-to-earnings ratio of 23.47 and a beta of 1.15. The company has a fifty day moving average price of $165.06 and a 200-day moving average price of $169.20.

Invesco S&P SmallCap Industrials ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a dividend of $0.2063 per share. This is an increase from Invesco S&P SmallCap Industrials ETF’s previous quarterly dividend of $0.1960. This represents a $0.83 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, September 21st.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its position in Invesco S&P SmallCap Industrials ETF by 3.9% in the 1st quarter. Bank of America Corp DE now owns 161,114 shares of the company’s stock worth $24,913,000 after purchasing an additional 6,005 shares in the last quarter. TOP Private Wealth LLC. acquired a new stake in shares of Invesco S&P SmallCap Industrials ETF during the 2nd quarter worth approximately $5,570,000. Congress Asset Management Co. purchased a new position in shares of Invesco S&P SmallCap Industrials ETF during the 3rd quarter valued at approximately $3,676,000. Parr Mcknight Wealth Management Group LLC increased its holdings in shares of Invesco S&P SmallCap Industrials ETF by 2.2% during the 3rd quarter. Parr Mcknight Wealth Management Group LLC now owns 10,952 shares of the company’s stock valued at $1,747,000 after purchasing an additional 240 shares in the last quarter. Finally, Independent Wealth Advisors LLC increased its holdings in shares of Invesco S&P SmallCap Industrials ETF by 18.6% during the 1st quarter. Independent Wealth Advisors LLC now owns 9,053 shares of the company’s stock valued at $1,400,000 after purchasing an additional 1,422 shares in the last quarter.

About Invesco S&P SmallCap Industrials ETF

PowerShares S&P SmallCap Industrials 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 Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.