Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Stock Price Up 1.5% – Here’s What Happened

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) shares were up 1.5% during trading on Wednesday . The stock traded as high as $64.71 and last traded at $64.33. Approximately 25,590 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 37,560 shares. The stock had previously closed at $63.38.

Invesco S&P SmallCap Energy ETF Stock Down 1.6%

The firm has a market capitalization of $108.23 million, a PE ratio of 9.69 and a beta of 0.75. The company’s 50-day simple moving average is $58.47 and its 200 day simple moving average is $58.90.

Invesco S&P SmallCap Energy ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.4104 per share. This represents a $1.64 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Hohimer Wealth Management LLC purchased a new stake in shares of Invesco S&P SmallCap Energy ETF in the fourth quarter worth about $409,000. First Growth Capital LLC purchased a new position in shares of Invesco S&P SmallCap Energy ETF during the 4th quarter valued at approximately $375,000. Parr Mcknight Wealth Management Group LLC purchased a new stake in Invesco S&P SmallCap Energy ETF during the first quarter worth $457,000. Cetera Investment Advisers purchased a new position in Invesco S&P SmallCap Energy ETF in the fourth quarter valued at $204,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Invesco S&P SmallCap Energy ETF by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 82,985 shares of the company’s stock worth $3,477,000 after acquiring an additional 2,937 shares in the last quarter.

Invesco S&P SmallCap Energy ETF Company Profile

PowerShares S&P SmallCap Energy 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 Energy Index (the Underlying Index). The Underlying Index consists of common stocks of the United States energy companies that are principally engaged in the business of producing, distributing or servicing energy-related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil-based energy.