Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Shares Down 0.2% – Time to Sell?

Shares of Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) were down 0.2% on Monday . The company traded as low as $59.12 and last traded at $59.0050. Approximately 144 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 954 shares. The stock had previously closed at $59.14.

Invesco S&P SmallCap Utilities & Communication Services ETF Trading Down 0.2%

The firm has a market capitalization of $13.57 million, a P/E ratio of 18.18 and a beta of 0.82. The firm has a 50-day moving average of $58.14 and a two-hundred day moving average of $57.57.

Invesco S&P SmallCap Utilities & Communication Services ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $0.231 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, December 22nd.

Hedge Funds Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter worth $58,000. Global Retirement Partners LLC grew its position in Invesco S&P SmallCap Utilities & Communication Services ETF by 13.4% during the 3rd quarter. Global Retirement Partners LLC now owns 3,467 shares of the company’s stock worth $199,000 after acquiring an additional 411 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock worth $389,000 after purchasing an additional 202 shares in the last quarter. Finally, Virtu Financial LLC increased its holdings in Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% in the 3rd quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock worth $738,000 after purchasing an additional 4,378 shares in the last quarter.

About Invesco S&P SmallCap Utilities & Communication Services ETF

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable.