Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Shares Down 1.5% – What’s Next?

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE)’s stock price dropped 1.5% on Friday . The company traded as low as $50.76 and last traded at $50.93. Approximately 176,188 shares were traded during trading, an increase of 515% from the average daily volume of 28,665 shares. The stock had previously closed at $51.69.

Invesco S&P SmallCap Energy ETF Price Performance

The firm’s 50 day moving average price is $49.83 and its two-hundred day moving average price is $51.83. The stock has a market cap of $89.64 million, a PE ratio of 34.07 and a beta of 1.95.

Invesco S&P SmallCap Energy ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.283 dividend. The ex-dividend date was Monday, September 23rd. This is an increase from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.19. This represents a $1.13 annualized dividend and a yield of 2.22%.

Hedge Funds Weigh In On Invesco S&P SmallCap Energy ETF

A number of large investors have recently made changes to their positions in the stock. Blair William & Co. IL increased its position in shares of Invesco S&P SmallCap Energy ETF by 3.9% during the second quarter. Blair William & Co. IL now owns 18,173 shares of the company’s stock valued at $956,000 after buying an additional 687 shares during the period. Kessler Investment Group LLC grew its position in Invesco S&P SmallCap Energy ETF by 206.2% during the third quarter. Kessler Investment Group LLC now owns 1,038 shares of the company’s stock valued at $51,000 after acquiring an additional 699 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in shares of Invesco S&P SmallCap Energy ETF by 6.2% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 15,281 shares of the company’s stock valued at $804,000 after acquiring an additional 896 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Invesco S&P SmallCap Energy ETF by 9.1% during the third quarter. HighTower Advisors LLC now owns 17,896 shares of the company’s stock valued at $877,000 after purchasing an additional 1,486 shares during the period. Finally, Jaffetilchin Investment Partners LLC bought a new position in shares of Invesco S&P SmallCap Energy ETF in the first quarter worth approximately $308,000.

Invesco S&P SmallCap Energy ETF Company Profile

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.