Parr Mcknight Wealth Management Group LLC Makes New Investment in Invesco S&P SmallCap Utilities & Communication Services ETF $PSCU

Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,321 shares of the company’s stock, valued at approximately $501,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. IHT Wealth Management LLC increased its holdings in Invesco S&P SmallCap Utilities & Communication Services ETF by 121.7% during the 4th 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 in the last quarter. Advisory Services Network LLC bought a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter worth about $58,000. Virtu Financial LLC grew its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% during the third quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock worth $738,000 after buying an additional 4,378 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% during the second 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 in the last quarter.

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

Shares of Invesco S&P SmallCap Utilities & Communication Services ETF stock opened at $64.71 on Tuesday. The firm has a market cap of $17.47 million, a PE ratio of 18.18 and a beta of 0.72. The business’s 50 day simple moving average is $64.59 and its 200 day simple moving average is $61.57. Invesco S&P SmallCap Utilities & Communication Services ETF has a 52-week low of $53.43 and a 52-week high of $66.85.

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

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

About Invesco S&P SmallCap Utilities & Communication Services ETF

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.