Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Shares Up 1.2% – What’s Next?

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) rose 1.2% during trading on Monday. The company traded as high as $61.29 and last traded at $61.29. 233 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 3,364 shares. The stock had previously closed at $60.58.

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

The firm has a 50 day simple moving average of $61.85 and a two-hundred day simple moving average of $62.40. The stock has a market cap of $17.16 million, a price-to-earnings ratio of 18.18 and a beta of 0.75.

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

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

Institutional Inflows and Outflows

A hedge fund recently raised its position in Invesco S&P SmallCap Utilities & Communication Services ETF stock. Parr Mcknight Wealth Management Group LLC boosted its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) by 2.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,519 shares of the company’s stock after purchasing an additional 187 shares during the quarter. Parr Mcknight Wealth Management Group LLC owned 3.40% of Invesco S&P SmallCap Utilities & Communication Services ETF worth $574,000 as of its most recent SEC filing.

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.