Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Stock Price Down 1.7% – Here’s Why

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) fell 1.7% during trading on Thursday . The stock traded as low as $49.96 and last traded at $50.50. 26,483 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 36,833 shares. The stock had previously closed at $51.35.

Invesco S&P SmallCap Energy ETF Stock Down 1.7%

The business’s fifty day moving average is $45.71 and its 200 day moving average is $43.08. The stock has a market cap of $83.83 million, a PE ratio of 9.69 and a beta of 1.00.

Invesco S&P SmallCap Energy ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.295 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.24.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. grew its stake in Invesco S&P SmallCap Energy ETF by 41.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 110,188 shares of the company’s stock worth $4,696,000 after acquiring an additional 32,533 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of Invesco S&P SmallCap Energy ETF during the 2nd quarter worth $147,000. Farther Finance Advisors LLC boosted its holdings in shares of Invesco S&P SmallCap Energy ETF by 62.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,600 shares of the company’s stock worth $112,000 after purchasing an additional 1,000 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Invesco S&P SmallCap Energy ETF by 34.8% during the third quarter. Bank of America Corp DE now owns 9,483 shares of the company’s stock worth $404,000 after purchasing an additional 2,447 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of Invesco S&P SmallCap Energy ETF by 47.1% in the second quarter. Osaic Holdings Inc. now owns 5,742 shares of the company’s stock valued at $223,000 after purchasing an additional 1,839 shares during the period.

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.