Belpointe Asset Management LLC Trims Holdings in Invesco S&P SmallCap Energy ETF $PSCE

Belpointe Asset Management LLC lessened its holdings in shares of Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) by 8.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,291 shares of the company’s stock after selling 696 shares during the period. Belpointe Asset Management LLC owned about 0.48% of Invesco S&P SmallCap Energy ETF worth $283,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its holdings in 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 purchasing an additional 2,937 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Invesco S&P SmallCap Energy ETF by 4.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 77,655 shares of the company’s stock valued at $3,018,000 after purchasing an additional 3,490 shares during the period. Flow Traders U.S. LLC purchased a new position in Invesco S&P SmallCap Energy ETF during the 1st quarter valued at about $624,000. HighTower Advisors LLC increased its holdings in Invesco S&P SmallCap Energy ETF by 3.8% during the 1st quarter. HighTower Advisors LLC now owns 12,461 shares of the company’s stock valued at $522,000 after purchasing an additional 456 shares during the period. Finally, iA Global Asset Management Inc. purchased a new position in Invesco S&P SmallCap Energy ETF during the 1st quarter valued at about $495,000.

Invesco S&P SmallCap Energy ETF Price Performance

Shares of NASDAQ:PSCE opened at $40.56 on Friday. Invesco S&P SmallCap Energy ETF has a 1 year low of $30.94 and a 1 year high of $54.83. The company has a market cap of $56.38 million, a PE ratio of 9.69 and a beta of 1.95. The stock’s 50-day moving average is $41.25 and its 200 day moving average is $39.29.

Invesco S&P SmallCap Energy ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.2403 per share. The ex-dividend date was Monday, September 22nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.4%.

Invesco S&P SmallCap Energy ETF Company Profile

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.