Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Stock Falls 6.3% – What’s Next?

Shares of Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) were down 6.3% during mid-day trading on Monday. The company traded as low as $56.83 and last traded at $56.83. Approximately 33,935 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 33,261 shares. The stock had previously closed at $60.63.

Invesco S&P SmallCap Energy ETF Trading Down 6.3%

The firm’s fifty day moving average price is $60.59 and its 200 day moving average price is $58.24. The firm has a market capitalization of $98.88 million, a PE ratio of 9.69 and a beta of 0.85.

Invesco S&P SmallCap Energy ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a $0.4107 dividend. This is an increase from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.4104. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, September 21st.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC bought a new position in shares of Invesco S&P SmallCap Energy ETF in the 3rd quarter valued at approximately $178,000. Walkner Condon Financial Advisors LLC boosted its position in Invesco S&P SmallCap Energy ETF by 15.8% during the first 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 bought a new stake in Invesco S&P SmallCap Energy ETF during the first quarter worth approximately $457,000. First Growth Capital LLC grew its holdings in Invesco S&P SmallCap Energy ETF by 7.4% during 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 last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Invesco S&P SmallCap Energy ETF during the third quarter valued at approximately $781,000.

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.