Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Stock Price Down 0% – Here’s What Happened

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) shares dropped 0% on Thursday . The company traded as low as $46.05 and last traded at $46.81. Approximately 21,008 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 37,811 shares. The stock had previously closed at $46.82.

Invesco S&P SmallCap Energy ETF Stock Performance

The company’s 50-day moving average price is $43.97 and its 200 day moving average price is $42.22. The stock has a market capitalization of $69.29 million, a P/E ratio of 9.69 and a beta of 1.00.

Invesco S&P SmallCap Energy ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.295 per share. This is a boost from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.24. This represents a $1.18 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, December 22nd.

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

A number of hedge funds have recently made changes to their positions in the business. Bank of America Corp DE raised its stake in Invesco S&P SmallCap Energy ETF by 34.8% during the 3rd quarter. Bank of America Corp DE now owns 9,483 shares of the company’s stock valued at $404,000 after purchasing an additional 2,447 shares during the period. Kazazian Asset Management LLC bought a new position in Invesco S&P SmallCap Energy ETF in the 3rd quarter worth approximately $213,000. Arkadios Wealth Advisors grew its holdings in Invesco S&P SmallCap Energy ETF by 5.6% during the 3rd quarter. Arkadios Wealth Advisors now owns 6,114 shares of the company’s stock valued at $261,000 after buying an additional 323 shares in the last quarter. Walkner Condon Financial Advisors LLC bought a new stake in shares of Invesco S&P SmallCap Energy ETF during the third quarter valued at approximately $236,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of Invesco S&P SmallCap Energy ETF by 41.9% during the third quarter. Harbor Capital Advisors Inc. now owns 110,188 shares of the company’s stock valued at $4,696,000 after buying an additional 32,533 shares during the last quarter.

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.