Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Shares Up 0.6% – Still a Buy?

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE)’s share price shot up 0.6% during mid-day trading on Monday . The stock traded as high as $44.29 and last traded at $43.92. 5,184 shares were traded during trading, a decline of 71% from the average session volume of 17,658 shares. The stock had previously closed at $43.64.

Invesco S&P SmallCap Energy ETF Trading Up 0.6%

The stock’s 50-day moving average price is $42.81 and its 200-day moving average price is $40.94. The stock has a market cap of $61.49 million, a price-to-earnings ratio of 9.69 and a beta of 1.00.

Invesco S&P SmallCap Energy ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were issued a $0.2403 dividend. The ex-dividend date was Monday, September 22nd. This represents a $0.96 annualized dividend and a yield of 2.2%.

Institutional Trading of Invesco S&P SmallCap Energy ETF

A number of large investors have recently bought and sold shares of PSCE. Arkadios Wealth Advisors increased its holdings in Invesco S&P SmallCap Energy ETF by 5.6% in the third quarter. Arkadios Wealth Advisors now owns 6,114 shares of the company’s stock worth $261,000 after purchasing an additional 323 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Invesco S&P SmallCap Energy ETF by 3.8% during the 1st quarter. HighTower Advisors LLC now owns 12,461 shares of the company’s stock worth $522,000 after buying an additional 456 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Invesco S&P SmallCap Energy ETF during the 1st quarter worth approximately $26,000. Farther Finance Advisors LLC bought a new stake in shares of Invesco S&P SmallCap Energy ETF in the 3rd quarter valued at $68,000. Finally, Osaic Holdings Inc. lifted its position in shares of Invesco S&P SmallCap Energy ETF by 47.1% during the 2nd quarter. Osaic Holdings Inc. now owns 5,742 shares of the company’s stock valued at $223,000 after acquiring an additional 1,839 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.