Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Stock Falls 1.3% – Here’s What Happened

Shares of Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) were down 1.3% on Friday. The company traded as low as $62.62 and last traded at $62.71. Approximately 1,697 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 3,890 shares. The stock had previously closed at $63.53.

Invesco S&P SmallCap Financials ETF Trading Down 1.3%

The stock has a 50-day simple moving average of $63.25 and a 200 day simple moving average of $62.24. The company has a market cap of $29.47 million, a price-to-earnings ratio of 15.25 and a beta of 0.96.

Invesco S&P SmallCap Financials ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were paid a dividend of $0.3868 per share. This represents a $1.55 dividend on an annualized basis and a dividend yield of 2.5%. This is a positive change from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.3128. The ex-dividend date was Monday, September 21st.

Institutional Trading of Invesco S&P SmallCap Financials ETF

A hedge fund recently bought a new position in Invesco S&P SmallCap Financials ETF stock. Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 40,332 shares of the company’s stock, valued at approximately $2,293,000. Parr Mcknight Wealth Management Group LLC owned about 10.08% of Invesco S&P SmallCap Financials ETF at the end of the most recent reporting period.

Invesco S&P SmallCap Financials ETF Company Profile

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).