Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Stock Price Down 1.5% – Here’s What Happened

Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI)’s share price was down 1.5% during trading on Friday. The company traded as low as $161.87 and last traded at $162.91. 4,987 shares were traded during mid-day trading, a decline of 61% from the average session volume of 12,785 shares. The stock had previously closed at $165.42.

Invesco S&P SmallCap Industrials ETF Stock Down 1.5%

The firm has a market cap of $166.17 million, a PE ratio of 23.47 and a beta of 1.15. The stock has a 50 day moving average price of $165.06 and a two-hundred day moving average price of $169.20.

Invesco S&P SmallCap Industrials ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were paid a $0.2063 dividend. This is a positive change from Invesco S&P SmallCap Industrials ETF’s previous quarterly dividend of $0.1960. The ex-dividend date was Monday, September 21st. This represents a $0.83 dividend on an annualized basis and a yield of 0.5%.

Institutional Trading of Invesco S&P SmallCap Industrials ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parr Mcknight Wealth Management Group LLC boosted its holdings in shares of Invesco S&P SmallCap Industrials ETF by 2.2% in the 3rd quarter. Parr Mcknight Wealth Management Group LLC now owns 10,952 shares of the company’s stock valued at $1,747,000 after acquiring an additional 240 shares during the last quarter. Valley National Advisers Inc. acquired a new stake in shares of Invesco S&P SmallCap Industrials ETF in the third quarter worth $135,000. Independent Wealth Network Inc. raised its holdings in shares of Invesco S&P SmallCap Industrials ETF by 8.5% during the third quarter. Independent Wealth Network Inc. now owns 4,776 shares of the company’s stock worth $762,000 after purchasing an additional 375 shares during the last quarter. Congress Asset Management Co. purchased a new position in shares of Invesco S&P SmallCap Industrials ETF during the third quarter worth $3,676,000. Finally, Envestnet Asset Management Inc. lifted its position in Invesco S&P SmallCap Industrials ETF by 30.3% during the second quarter. Envestnet Asset Management Inc. now owns 5,824 shares of the company’s stock valued at $1,084,000 after purchasing an additional 1,355 shares during the period.

Invesco S&P SmallCap Industrials ETF Company Profile

PowerShares S&P SmallCap Industrials 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 Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.