Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Trading 0.4% Higher – Should You Buy?

Shares of Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) shot up 0.4% during trading on Tuesday . The company traded as high as $65.32 and last traded at $65.32. Approximately 781 shares traded hands during trading, a decline of 79% from the average session volume of 3,743 shares. The stock had previously closed at $65.06.

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

The firm’s 50 day moving average price is $64.86 and its 200-day moving average price is $63.03. The firm has a market cap of $17.64 million, a price-to-earnings ratio of 18.18 and a beta of 0.73.

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

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a dividend of $0.0282 per share. This represents a $0.11 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, June 22nd.

Institutional Trading of Invesco S&P SmallCap Utilities & Communication Services ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the 3rd quarter worth about $58,000. Tower Research Capital LLC TRC raised its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% during the second quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock valued at $389,000 after buying an additional 202 shares during the last quarter. Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF during the first quarter valued at about $501,000. Virtu Financial LLC lifted its stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% in the third quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock valued at $738,000 after buying an additional 4,378 shares during the period. Finally, IHT Wealth Management LLC lifted its stake in shares of 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 buying an additional 12,219 shares during the period.

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.