Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Stock Price Up 1% – Here’s Why

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM)’s share price shot up 1% during mid-day trading on Friday . The stock traded as high as $80.27 and last traded at $80.27. 78 shares changed hands during trading, a decline of 92% from the average session volume of 937 shares. The stock had previously closed at $79.48.

Invesco S&P SmallCap Materials ETF Price Performance

The stock has a market capitalization of $12.84 million, a P/E ratio of 17.06 and a beta of 1.15. The stock’s 50-day simple moving average is $76.93 and its 200 day simple moving average is $74.15.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were paid 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 yield of 1.1%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new position in shares of Invesco S&P SmallCap Materials ETF during the third quarter valued at approximately $243,000. Virtu Financial LLC lifted its stake in Invesco S&P SmallCap Materials ETF by 17.6% during the 1st quarter. Virtu Financial LLC now owns 13,764 shares of the company’s stock valued at $919,000 after acquiring an additional 2,062 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Invesco S&P SmallCap Materials ETF during the 2nd quarter worth $53,000. Finally, Signet Financial Management LLC grew its stake in shares of Invesco S&P SmallCap Materials ETF by 4.5% in the 2nd quarter. Signet Financial Management LLC now owns 4,786 shares of the company’s stock worth $329,000 after acquiring an additional 205 shares in the last quarter.

Invesco S&P SmallCap Materials ETF Company Profile

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.