Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Stock Price Up 2.2% – Here’s What Happened

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM)’s share price traded up 2.2% during trading on Friday . The company traded as high as $76.90 and last traded at $76.7210. 65 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 977 shares. The stock had previously closed at $75.10.

Invesco S&P SmallCap Materials ETF Trading Up 2.2%

The stock has a market capitalization of $12.28 million, a PE ratio of 17.06 and a beta of 1.15. The firm’s 50-day simple moving average is $76.98 and its two-hundred day simple moving average is $72.79.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.2208 per share. The ex-dividend date was Monday, September 22nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%.

Institutional Investors Weigh In On Invesco S&P SmallCap Materials ETF

Several hedge funds have recently bought and sold shares of PSCM. Raymond James Financial Inc. acquired a new stake in Invesco S&P SmallCap Materials ETF during the 2nd quarter worth about $53,000. Signet Financial Management LLC lifted its position in shares of Invesco S&P SmallCap Materials ETF by 4.5% in the second quarter. Signet Financial Management LLC now owns 4,786 shares of the company’s stock worth $329,000 after purchasing an additional 205 shares in the last quarter. Finally, Virtu Financial LLC boosted its holdings in shares of Invesco S&P SmallCap Materials ETF by 17.6% during the first quarter. Virtu Financial LLC now owns 13,764 shares of the company’s stock worth $919,000 after purchasing an additional 2,062 shares during the period.

About Invesco S&P SmallCap Materials ETF

PowerShares S&P SmallCap Materials Portfolio (the Fund) is based on the S&P SmallCap 600 Capped Materials Index (Index). The Index is designed to measure the overall performance of common stocks of United States basic materials companies. These companies are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals.