Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Shares Down 2.9% – Here’s What Happened

Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) shares were down 2.9% on Monday . The company traded as low as $110.88 and last traded at $112.1860. Approximately 5,015 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 11,666 shares. The stock had previously closed at $115.59.

Invesco S&P SmallCap Consumer Discretionary ETF Stock Down 2.9%

The firm’s 50-day moving average price is $111.45 and its two-hundred day moving average price is $109.25. The firm has a market capitalization of $37.02 million, a PE ratio of 12.91 and a beta of 1.26.

Invesco S&P SmallCap Consumer Discretionary ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.2857 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.14 annualized dividend and a dividend yield of 1.0%. This is a boost from Invesco S&P SmallCap Consumer Discretionary ETF’s previous quarterly dividend of $0.25.

Institutional Investors Weigh In On Invesco S&P SmallCap Consumer Discretionary ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Beacon Pointe Advisors LLC acquired a new position in shares of Invesco S&P SmallCap Consumer Discretionary ETF in the second quarter valued at about $201,000. LPL Financial LLC grew its stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 10.2% in the fourth quarter. LPL Financial LLC now owns 3,670 shares of the company’s stock worth $385,000 after purchasing an additional 340 shares during the last quarter. Hohimer Wealth Management LLC acquired a new stake in Invesco S&P SmallCap Consumer Discretionary ETF during the 4th quarter valued at approximately $614,000. Jones Financial Companies Lllp grew its position in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 18,166.1% during the 1st quarter. Jones Financial Companies Lllp now owns 10,777 shares of the company’s stock worth $993,000 after buying an additional 10,718 shares during the period. Finally, EP Wealth Advisors LLC boosted its holdings in Invesco S&P SmallCap Consumer Discretionary ETF by 6.9% in the second quarter. EP Wealth Advisors LLC now owns 11,357 shares of the company’s stock worth $1,143,000 after acquiring an additional 735 shares in the last quarter.

Invesco S&P SmallCap Consumer Discretionary ETF Company Profile

PowerShares S&P SmallCap Consumer Discretionary 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 Consumer Discretionary Index (the Underlying Index). The Underlying Index consists of common stocks of the United States consumer discretionary companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including, but not limited to, household durables, leisure products and services, computers and electronics, automobiles and auto components, hotel and restaurant services, and television and other entertainment goods and services.