Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Shares Down 2.1% – Should You Sell?

Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC)’s share price fell 2.1% during trading on Monday . The company traded as low as $32.85 and last traded at $33.03. 13,176 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 14,788 shares. The stock had previously closed at $33.73.

Invesco S&P SmallCap Consumer Staples ETF Price Performance

The stock has a market cap of $34.55 million, a PE ratio of 14.43 and a beta of 0.60. The business has a 50 day moving average price of $33.38 and a two-hundred day moving average price of $32.84.

Invesco S&P SmallCap Consumer Staples ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $0.1414 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.57 annualized dividend and a yield of 1.7%.

Hedge Funds Weigh In On Invesco S&P SmallCap Consumer Staples ETF

Hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of Invesco S&P SmallCap Consumer Staples ETF by 2.7% during the second quarter. Envestnet Asset Management Inc. now owns 11,096 shares of the company’s stock valued at $369,000 after acquiring an additional 291 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Invesco S&P SmallCap Consumer Staples ETF by 66.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 9,884 shares of the company’s stock worth $329,000 after purchasing an additional 3,935 shares during the last quarter. Raymond James Financial Inc. increased its holdings in Invesco S&P SmallCap Consumer Staples ETF by 4.6% during the 2nd quarter. Raymond James Financial Inc. now owns 22,152 shares of the company’s stock valued at $737,000 after purchasing an additional 976 shares during the period. Ameriprise Financial Inc. increased its holdings in Invesco S&P SmallCap Consumer Staples ETF by 13.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 14,081 shares of the company’s stock valued at $468,000 after purchasing an additional 1,693 shares during the period. Finally, Bank of America Corp DE raised its position in Invesco S&P SmallCap Consumer Staples ETF by 10.8% during the 2nd quarter. Bank of America Corp DE now owns 13,474 shares of the company’s stock valued at $448,000 after purchasing an additional 1,313 shares during the last quarter.

About Invesco S&P SmallCap Consumer Staples ETF

PowerShares S&P SmallCap Consumer Staples Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the index called the S&P SmallCap 600 Capped Consumer Staples Index (the Underlying Index). The Underlying Index consists of common stocks of United States consumer staples companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.