Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Shares Down 1.5% – Here’s What Happened

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM)’s stock price traded down 1.5% on Monday . The stock traded as low as $100.56 and last traded at $100.56. 1,240 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 3,522 shares. The stock had previously closed at $102.07.

Invesco S&P SmallCap Materials ETF Stock Performance

The firm has a fifty day simple moving average of $100.41 and a 200-day simple moving average of $92.49. The firm has a market cap of $20.15 million, a price-to-earnings ratio of 17.06 and a beta of 1.03.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.226 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.90 annualized dividend and a yield of 0.9%.

Institutional Investors Weigh In On Invesco S&P SmallCap Materials ETF

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in Invesco S&P SmallCap Materials ETF during the 2nd quarter valued at $53,000. Essex Financial Services Inc. acquired a new stake in Invesco S&P SmallCap Materials ETF during the 1st quarter valued at $205,000. Pacific Sun Financial Corp acquired a new stake in Invesco S&P SmallCap Materials ETF during the 1st quarter valued at $214,000. Jane Street Group LLC acquired a new stake in Invesco S&P SmallCap Materials ETF during the 4th quarter valued at $226,000. Finally, Private Advisor Group LLC acquired a new stake in Invesco S&P SmallCap Materials ETF during the 1st quarter valued at $282,000.

About Invesco S&P SmallCap Materials ETF

PowerShares S&P SmallCap Materials Portfolio (the Fund) is based on the S&P SmallCap 600 Capped Materials Index (Index). The Index is designed to measure the overall performance of common stocks of United States basic materials companies. These companies are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals. The Index is a subset of the S&P SmallCap 600 Index, which is a float-adjusted, market capitalization-weighted index reflecting the United States small-cap market.