Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Stock Price Down 0.2% – Here’s What Happened

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU)’s share price was down 0.2% on Monday . The company traded as low as $65.98 and last traded at $66.00. Approximately 626 shares changed hands during trading, a decline of 88% from the average daily volume of 5,185 shares. The stock had previously closed at $66.16.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Performance

The stock’s fifty day moving average price is $63.57 and its two-hundred day moving average price is $60.10. The company has a market cap of $15.84 million, a P/E ratio of 18.18 and a beta of 0.74.

Invesco S&P SmallCap Utilities & Communication Services ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.1155 per share. This represents a $0.46 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, March 23rd.

Hedge Funds Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PSCU. Tower Research Capital LLC TRC lifted its stake in Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock valued at $389,000 after purchasing an additional 202 shares during the last quarter. Virtu Financial LLC lifted its stake in Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% in the 3rd quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock valued at $738,000 after purchasing an additional 4,378 shares during the last quarter. Advisory Services Network LLC bought a new position in Invesco S&P SmallCap Utilities & Communication Services ETF in the third quarter valued at about $58,000. IHT Wealth Management LLC raised its position in Invesco S&P SmallCap Utilities & Communication Services ETF by 121.7% in the fourth quarter. IHT Wealth Management LLC now owns 22,259 shares of the company’s stock valued at $1,280,000 after purchasing an additional 12,219 shares during the last quarter. Finally, Parr Mcknight Wealth Management Group LLC bought a new position in Invesco S&P SmallCap Utilities & Communication Services ETF in the first quarter valued at about $501,000.

Invesco S&P SmallCap Utilities & Communication Services ETF Company Profile

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable.