Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Stock Falls 1.3% – Time to Sell?

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) traded down 1.3% during trading on Friday. The stock traded as low as $62.62 and last traded at $62.71. 1,697 shares were traded during trading, a decline of 56% from the average session volume of 3,890 shares. The stock had previously closed at $63.53.

Invesco S&P SmallCap Financials ETF Price Performance

The firm has a market cap of $29.47 million, a P/E ratio of 15.25 and a beta of 0.96. The stock’s 50-day simple moving average is $63.25 and its two-hundred day simple moving average is $62.24.

Invesco S&P SmallCap Financials ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were paid a dividend of $0.3868 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.55 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.3128.

Institutional Trading of Invesco S&P SmallCap Financials ETF

An institutional investor recently bought a new position in Invesco S&P SmallCap Financials ETF stock. Parr Mcknight Wealth Management Group LLC acquired a new position in Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 40,332 shares of the company’s stock, valued at approximately $2,293,000. Parr Mcknight Wealth Management Group LLC owned about 10.08% of Invesco S&P SmallCap Financials ETF at the end of the most recent reporting period.

About Invesco S&P SmallCap Financials ETF

PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).