Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Shares Sold by MAI Capital Management

MAI Capital Management decreased its position in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) by 22.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 67,035 shares of the company’s stock after selling 19,704 shares during the period. MAI Capital Management’s holdings in Invesco S&P SmallCap Industrials ETF were worth $8,869,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Riggs Asset Managment Co. Inc. purchased a new position in Invesco S&P SmallCap Industrials ETF in the third quarter worth approximately $28,000. Harbor Capital Advisors Inc. purchased a new position in shares of Invesco S&P SmallCap Industrials ETF during the 2nd quarter worth $73,000. Valley National Advisers Inc. increased its position in shares of Invesco S&P SmallCap Industrials ETF by 28.2% during the 3rd quarter. Valley National Advisers Inc. now owns 3,136 shares of the company’s stock worth $414,000 after purchasing an additional 690 shares during the last quarter. Bogart Wealth LLC increased its position in shares of Invesco S&P SmallCap Industrials ETF by 6.1% during the 3rd quarter. Bogart Wealth LLC now owns 16,503 shares of the company’s stock worth $2,183,000 after purchasing an additional 955 shares during the last quarter. Finally, Kessler Investment Group LLC lifted its position in Invesco S&P SmallCap Industrials ETF by 1,255.1% in the third quarter. Kessler Investment Group LLC now owns 1,057 shares of the company’s stock valued at $140,000 after buying an additional 979 shares during the last quarter.

Invesco S&P SmallCap Industrials ETF Price Performance

Shares of PSCI stock opened at $142.83 on Tuesday. The company has a 50-day moving average of $132.58 and a two-hundred day moving average of $127.07. The firm has a market cap of $211.39 million, a PE ratio of 18.19 and a beta of 1.24. Invesco S&P SmallCap Industrials ETF has a 1-year low of $103.00 and a 1-year high of $148.73.

Invesco S&P SmallCap Industrials ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.318 dividend. This represents a $1.27 annualized dividend and a yield of 0.89%. The ex-dividend date was Monday, September 23rd. This is an increase from Invesco S&P SmallCap Industrials ETF’s previous quarterly dividend of $0.14.

About Invesco S&P SmallCap Industrials ETF

PowerShares S&P SmallCap Industrials 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 Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies.