Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Shares Down 1.7% – Here’s What Happened

Shares of Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) dropped 1.7% during trading on Thursday . The stock traded as low as $49.96 and last traded at $50.50. Approximately 26,483 shares changed hands during trading, a decline of 28% from the average daily volume of 36,833 shares. The stock had previously closed at $51.35.

Invesco S&P SmallCap Energy ETF Stock Up 5.2%

The business’s 50-day simple moving average is $45.90 and its two-hundred day simple moving average is $43.17. The firm has a market cap of $88.16 million, a price-to-earnings ratio of 9.69 and a beta of 1.00.

Invesco S&P SmallCap Energy ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.24.

Institutional Trading of Invesco S&P SmallCap Energy ETF

Institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC purchased a new position in Invesco S&P SmallCap Energy ETF in the 3rd quarter valued at $68,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Invesco S&P SmallCap Energy ETF in the second quarter valued at about $147,000. Kazazian Asset Management LLC purchased a new position in shares of Invesco S&P SmallCap Energy ETF in the third quarter worth about $213,000. Osaic Holdings Inc. boosted its position in Invesco S&P SmallCap Energy ETF by 47.1% during the second quarter. Osaic Holdings Inc. now owns 5,742 shares of the company’s stock worth $223,000 after acquiring an additional 1,839 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC purchased a new stake in Invesco S&P SmallCap Energy ETF during the 3rd quarter valued at about $236,000.

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.