Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Shares Down 0.3% – What’s Next?

Shares of Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) fell 0.3% on Tuesday . The company traded as low as $65.88 and last traded at $65.88. 1,386 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 6,030 shares. The stock had previously closed at $66.05.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Down 0.3%

The business’s fifty day moving average is $61.46 and its two-hundred day moving average is $59.47. The stock has a market capitalization of $15.81 million, a PE ratio of 18.18 and a beta of 0.74.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.1155 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.7%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. IHT Wealth Management LLC grew its holdings 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 purchasing an additional 12,219 shares in the last quarter. Virtu Financial LLC grew its holdings 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 purchasing an additional 4,378 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% in the second quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock valued at $389,000 after purchasing an additional 202 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the third quarter valued at $58,000. Finally, Parr Mcknight Wealth Management Group LLC purchased a new position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the first quarter valued at $501,000.

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.