Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Trading Down 0.3% – Should You Sell?

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) shares dropped 0.3% on Wednesday . The company traded as low as $58.94 and last traded at $59.00. Approximately 9,597 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 35,976 shares. The stock had previously closed at $59.16.

Invesco S&P SmallCap Energy ETF Trading Down 0.3%

The company has a market capitalization of $104.43 million, a PE ratio of 9.69 and a beta of 0.75. The company’s 50 day moving average price is $60.47 and its 200-day moving average price is $59.62.

Invesco S&P SmallCap Energy ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 21st will be given a dividend of $0.4107 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.8%. This is a boost from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, September 21st.

Hedge Funds Weigh In On Invesco S&P SmallCap Energy ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Walkner Condon Financial Advisors LLC grew its holdings in shares of Invesco S&P SmallCap Energy ETF by 15.8% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 5,796 shares of the company’s stock worth $343,000 after purchasing an additional 790 shares during the period. Parr Mcknight Wealth Management Group LLC purchased a new position in Invesco S&P SmallCap Energy ETF in the first quarter valued at approximately $457,000. First Growth Capital LLC purchased a new position in Invesco S&P SmallCap Energy ETF in the fourth quarter valued at approximately $375,000. Finally, Kestra Advisory Services LLC lifted its position in Invesco S&P SmallCap Energy ETF by 1.0% during the first quarter. Kestra Advisory Services LLC now owns 16,178 shares of the company’s stock valued at $986,000 after buying an additional 159 shares in the last quarter.

About Invesco S&P SmallCap Energy ETF

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.