Riverbridge Partners LLC Purchases New Holdings in Invesco S&P SmallCap Industrials ETF $PSCI

Riverbridge Partners LLC purchased a new position in shares of Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 12,935 shares of the company’s stock, valued at approximately $2,063,000.

Several other hedge funds have also recently added to or reduced their stakes in PSCI. Allspring Global Investments Holdings LLC raised its stake in Invesco S&P SmallCap Industrials ETF by 345,363.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 38,001 shares of the company’s stock valued at $6,132,000 after purchasing an additional 37,990 shares during the last quarter. TOP Private Wealth LLC. purchased a new stake in shares of Invesco S&P SmallCap Industrials ETF during the second quarter worth $5,570,000. Congress Asset Management Co. purchased a new stake in shares of Invesco S&P SmallCap Industrials ETF during the third quarter worth $3,676,000. Citadel Advisors LLC purchased a new stake in shares of Invesco S&P SmallCap Industrials ETF during the second quarter worth $1,156,000. Finally, Bank of America Corp DE grew its holdings in shares of Invesco S&P SmallCap Industrials ETF by 3.9% during the first quarter. Bank of America Corp DE now owns 161,114 shares of the company’s stock worth $24,913,000 after buying an additional 6,005 shares in the last quarter.

Invesco S&P SmallCap Industrials ETF Stock Up 1.3%

Shares of NASDAQ PSCI opened at $167.39 on Thursday. The firm has a 50-day simple moving average of $163.58 and a 200-day simple moving average of $169.20. The stock has a market capitalization of $170.74 million, a price-to-earnings ratio of 19.10 and a beta of 1.16. Invesco S&P SmallCap Industrials ETF has a 52 week low of $138.89 and a 52 week high of $187.05.

Invesco S&P SmallCap Industrials ETF Increases Dividend

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

About Invesco S&P SmallCap Industrials ETF

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.