Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Stock Price Down 1.7% – Should You Sell?

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

Invesco S&P SmallCap Energy ETF Stock Down 1.7%

The firm has a market capitalization of $83.83 million, a price-to-earnings ratio of 9.69 and a beta of 1.00. The company’s 50 day moving average price is $45.71 and its 200 day moving average price is $43.08.

Invesco S&P SmallCap Energy ETF Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its holdings in shares of Invesco S&P SmallCap Energy ETF by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 82,985 shares of the company’s stock worth $3,477,000 after purchasing an additional 2,937 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Invesco S&P SmallCap Energy ETF in the 2nd quarter worth approximately $147,000. Osaic Holdings Inc. raised its position in Invesco S&P SmallCap Energy ETF by 47.1% during the 2nd quarter. Osaic Holdings Inc. now owns 5,742 shares of the company’s stock worth $223,000 after buying an additional 1,839 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in Invesco S&P SmallCap Energy ETF during the 3rd quarter valued at approximately $68,000. Finally, Harbor Capital Advisors Inc. lifted its position in 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 purchasing an additional 32,533 shares during the period.

About Invesco S&P SmallCap Energy ETF

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.