Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Shares Up 2.2% – Here’s Why

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCMGet Free Report) shot up 2.2% during mid-day trading on Friday . The stock traded as high as $76.90 and last traded at $76.7210. 65 shares were traded during trading, a decline of 93% from the average session volume of 977 shares. The stock had previously closed at $75.10.

Invesco S&P SmallCap Materials ETF Trading Up 2.2%

The firm has a market capitalization of $12.28 million, a PE ratio of 17.06 and a beta of 1.15. The business has a 50 day moving average price of $76.98 and a 200-day moving average price of $72.71.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given a $0.2208 dividend. The ex-dividend date was Monday, September 22nd. This represents a $0.88 annualized dividend and a yield of 1.2%.

Hedge Funds Weigh In On Invesco S&P SmallCap Materials ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC grew its stake in shares of Invesco S&P SmallCap Materials ETF by 17.6% during the 1st quarter. Virtu Financial LLC now owns 13,764 shares of the company’s stock worth $919,000 after purchasing an additional 2,062 shares during the period. Raymond James Financial Inc. purchased a new stake in Invesco S&P SmallCap Materials ETF during the second quarter worth about $53,000. Finally, Signet Financial Management LLC grew its position in Invesco S&P SmallCap Materials ETF by 4.5% during the second quarter. Signet Financial Management LLC now owns 4,786 shares of the company’s stock worth $329,000 after buying an additional 205 shares during the period.

Invesco S&P SmallCap Materials ETF Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Invesco S&P SmallCap Materials ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P SmallCap Materials ETF and related companies with MarketBeat.com's FREE daily email newsletter.