Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Trading Down 0.2% – Should You Sell?

Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC)’s stock price fell 0.2% during mid-day trading on Wednesday . The company traded as low as $32.30 and last traded at $32.51. 3,443 shares were traded during trading, a decline of 67% from the average session volume of 10,500 shares. The stock had previously closed at $32.59.

Invesco S&P SmallCap Consumer Staples ETF Trading Up 1.5%

The firm has a 50 day simple moving average of $32.48 and a two-hundred day simple moving average of $32.58. The company has a market capitalization of $33.83 million, a PE ratio of 14.43 and a beta of 0.61.

Invesco S&P SmallCap Consumer Staples ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, March 23rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PSCC. IHT Wealth Management LLC lifted its holdings in shares of Invesco S&P SmallCap Consumer Staples ETF by 218.2% in the 4th quarter. IHT Wealth Management LLC now owns 43,681 shares of the company’s stock valued at $1,358,000 after buying an additional 29,955 shares during the period. Focus Partners Advisor Solutions LLC raised its holdings in Invesco S&P SmallCap Consumer Staples ETF by 74.7% during the third quarter. Focus Partners Advisor Solutions LLC now owns 33,248 shares of the company’s stock worth $1,060,000 after purchasing an additional 14,221 shares during the last quarter. Raymond James Financial Inc. raised its holdings in Invesco S&P SmallCap Consumer Staples ETF by 16.0% during the third quarter. Raymond James Financial Inc. now owns 25,703 shares of the company’s stock worth $847,000 after purchasing an additional 3,551 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Invesco S&P SmallCap Consumer Staples ETF during the fourth quarter worth $622,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in Invesco S&P SmallCap Consumer Staples ETF by 59.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 18,356 shares of the company’s stock worth $571,000 after purchasing an additional 6,823 shares during the last quarter.

Invesco S&P SmallCap Consumer Staples ETF Company Profile

PowerShares S&P SmallCap Consumer Staples 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 Consumer Staples Index (the Underlying Index). The Underlying Index consists of common stocks of United States consumer staples companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.