Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Shares Down 1.1% – Here’s Why

Shares of Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) dropped 1.1% during mid-day trading on Thursday . The stock traded as low as $58.49 and last traded at $58.60. Approximately 21,142 shares changed hands during trading, a decline of 49% from the average daily volume of 41,456 shares. The stock had previously closed at $59.28.

Invesco S&P SmallCap Energy ETF Stock Performance

The stock has a market cap of $100.21 million, a PE ratio of 9.69 and a beta of 0.71. The company has a 50 day moving average of $58.16 and a two-hundred day moving average of $56.51.

Invesco S&P SmallCap Energy ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.4104 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.8%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its stake in Invesco S&P SmallCap Energy ETF by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 82,985 shares of the company’s stock valued at $3,477,000 after acquiring an additional 2,937 shares during the period. Kestra Advisory Services LLC raised 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 worth $986,000 after acquiring an additional 159 shares during the period. Hohimer Wealth Management LLC purchased a new position in Invesco S&P SmallCap Energy ETF during the fourth quarter valued at $409,000. Bank of America Corp DE lifted its holdings in Invesco S&P SmallCap Energy ETF by 34.8% during the third quarter. Bank of America Corp DE now owns 9,483 shares of the company’s stock valued at $404,000 after purchasing an additional 2,447 shares in the last quarter. Finally, First Growth Capital LLC grew its position in shares of Invesco S&P SmallCap Energy ETF by 7.4% in the first quarter. First Growth Capital LLC now owns 9,371 shares of the company’s stock valued at $554,000 after purchasing an additional 649 shares during the period.

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.