Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Stock Jumps 0.1% – What’s Next?

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU)’s share price was up 0.1% during trading on Monday. The company traded as high as $59.46 and last traded at $59.4910. Approximately 685 shares traded hands during trading, a decline of 80% from the average daily volume of 3,345 shares. The stock had previously closed at $59.42.

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

The stock has a market cap of $14.28 million, a PE ratio of 18.18 and a beta of 0.75. The company’s 50-day moving average price is $63.34 and its 200 day moving average price is $63.93.

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

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a dividend of $0.1381 per share. This represents a $0.55 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, September 21st. This is a positive change from Invesco S&P SmallCap Utilities & Communication Services ETF’s previous quarterly dividend of $0.0282.

Institutional Investors Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

A hedge fund recently raised its position in Invesco S&P SmallCap Utilities & Communication Services ETF stock. NewEdge Advisors LLC raised its stake in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) by 29,629.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,297 shares of the company’s stock after acquiring an additional 22,222 shares during the period. NewEdge Advisors LLC owned approximately 8.26% of Invesco S&P SmallCap Utilities & Communication Services ETF worth $1,473,000 as of its most recent SEC filing.

About Invesco S&P SmallCap Utilities & Communication Services ETF

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.