Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Trading Up 2.8% – Here’s What Happened

Shares of Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) rose 2.8% during trading on Tuesday . The company traded as high as $149.69 and last traded at $149.67. Approximately 1,320 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 6,852 shares. The stock had previously closed at $145.63.

Invesco S&P SmallCap Industrials ETF Trading Up 2.8%

The company has a market capitalization of $142.19 million, a price-to-earnings ratio of 23.47 and a beta of 1.21. The business’s 50 day moving average price is $147.81 and its two-hundred day moving average price is $141.02.

Invesco S&P SmallCap Industrials ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be paid a $1.52 dividend. This represents a $6.08 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Monday, December 22nd. This is a positive change from Invesco S&P SmallCap Industrials ETF’s previous quarterly dividend of $0.19.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers bought a new position in Invesco S&P SmallCap Industrials ETF in the first quarter valued at about $319,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Invesco S&P SmallCap Industrials ETF in the second quarter valued at approximately $1,005,000. Stratos Wealth Partners LTD. raised its holdings in Invesco S&P SmallCap Industrials ETF by 6.9% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 53,954 shares of the company’s stock valued at $7,233,000 after buying an additional 3,489 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Invesco S&P SmallCap Industrials ETF by 7,414.8% in the 1st quarter. Jones Financial Companies Lllp now owns 19,313 shares of the company’s stock valued at $2,294,000 after buying an additional 19,056 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position in Invesco S&P SmallCap Industrials ETF by 39.3% during the 2nd quarter. Osaic Holdings Inc. now owns 13,928 shares of the company’s stock worth $1,868,000 after buying an additional 3,927 shares during the period.

About Invesco S&P SmallCap Industrials ETF

PowerShares S&P SmallCap Industrials 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 Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies.