Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Stock Price Down 0% – Here’s Why

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE)’s stock price fell 0% during trading on Thursday . The company traded as low as $46.05 and last traded at $46.81. 21,008 shares were traded during trading, a decline of 44% from the average session volume of 37,811 shares. The stock had previously closed at $46.82.

Invesco S&P SmallCap Energy ETF Price Performance

The company’s fifty day simple moving average is $43.90 and its 200-day simple moving average is $42.15. The firm has a market capitalization of $69.28 million, a PE ratio of 9.69 and a beta of 1.00.

Invesco S&P SmallCap Energy ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.18 annualized dividend and a yield of 2.5%. This is an increase from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.24.

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

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in shares of Invesco S&P SmallCap Energy ETF by 34.8% during the third quarter. Bank of America Corp DE now owns 9,483 shares of the company’s stock valued at $404,000 after acquiring an additional 2,447 shares in the last quarter. Kazazian Asset Management LLC purchased a new stake in Invesco S&P SmallCap Energy ETF during the 3rd quarter worth approximately $213,000. Arkadios Wealth Advisors increased its stake in Invesco S&P SmallCap Energy ETF by 5.6% during the 3rd quarter. Arkadios Wealth Advisors now owns 6,114 shares of the company’s stock valued at $261,000 after purchasing an additional 323 shares in the last quarter. Walkner Condon Financial Advisors LLC acquired a new position in Invesco S&P SmallCap Energy ETF during the 3rd quarter valued at approximately $236,000. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Invesco S&P SmallCap Energy ETF by 41.9% in the third quarter. Harbor Capital Advisors Inc. now owns 110,188 shares of the company’s stock worth $4,696,000 after buying an additional 32,533 shares during the last quarter.

About Invesco S&P SmallCap Energy ETF

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.