Bard Associates Inc. Cuts Stake in Invesco S&P SmallCap Utilities & Communication Services ETF $PSCU

Bard Associates Inc. lessened its position in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) by 43.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 28,232 shares of the company’s stock after selling 21,320 shares during the period. Bard Associates Inc. owned approximately 12.27% of Invesco S&P SmallCap Utilities & Communication Services ETF worth $1,624,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Virtu Financial LLC increased its stake 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 acquiring an additional 4,378 shares during the period. Global Retirement Partners LLC boosted its holdings in Invesco S&P SmallCap Utilities & Communication Services ETF by 13.4% in the 3rd quarter. Global Retirement Partners LLC now owns 3,467 shares of the company’s stock valued at $199,000 after purchasing an additional 411 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock worth $389,000 after purchasing an additional 202 shares during the period.

Invesco S&P SmallCap Utilities & Communication Services ETF Trading Up 0.7%

Shares of PSCU stock opened at $58.83 on Friday. The company has a market cap of $13.53 million, a price-to-earnings ratio of 18.18 and a beta of 0.82. The stock has a 50 day simple moving average of $58.55 and a 200-day simple moving average of $58.13. Invesco S&P SmallCap Utilities & Communication Services ETF has a 12-month low of $50.52 and a 12-month high of $61.47.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a dividend of $0.231 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, December 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.