Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Shares Down 1.1% – Should You Sell?

Shares of Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) fell 1.1% on Thursday . The stock traded as low as $58.49 and last traded at $58.60. 21,142 shares were traded during trading, a decline of 49% from the average daily volume of 41,456 shares. The stock had previously closed at $59.28.

Invesco S&P SmallCap Energy ETF Trading Down 2.0%

The company’s 50-day moving average price is $58.06 and its two-hundred day moving average price is $56.52. The company has a market cap of $98.17 million, a P/E ratio of 9.69 and a beta of 0.71.

Invesco S&P SmallCap Energy ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.4104 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, June 22nd.

Institutional Trading of Invesco S&P SmallCap Energy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PSCE. Hohimer Wealth Management LLC acquired a new stake in Invesco S&P SmallCap Energy ETF during the fourth quarter valued at approximately $409,000. First Growth Capital LLC acquired a new position in shares of Invesco S&P SmallCap Energy ETF in the 4th quarter worth approximately $375,000. Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Invesco S&P SmallCap Energy ETF in the 1st quarter valued at approximately $457,000. Cetera Investment Advisers bought a new stake in shares of Invesco S&P SmallCap Energy ETF in the 4th quarter valued at approximately $204,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Invesco S&P SmallCap Energy ETF by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 82,985 shares of the company’s stock valued at $3,477,000 after acquiring an additional 2,937 shares in the last quarter.

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.