Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Stock Price Up 1% – What’s Next?

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM)’s share price shot up 1% during trading on Friday . The stock traded as high as $80.27 and last traded at $80.27. 78 shares were traded during mid-day trading, a decline of 92% from the average session volume of 937 shares. The stock had previously closed at $79.48.

Invesco S&P SmallCap Materials ETF Stock Up 1.0%

The firm has a market cap of $12.84 million, a PE ratio of 17.06 and a beta of 1.15. The business has a 50 day simple moving average of $76.93 and a two-hundred day simple moving average of $74.10.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a $0.2208 dividend. This represents a $0.88 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, September 22nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC increased its position in 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 valued at $919,000 after purchasing an additional 2,062 shares during the period. Signet Financial Management LLC lifted its position in shares of Invesco S&P SmallCap Materials ETF by 4.5% in the 2nd quarter. Signet Financial Management LLC now owns 4,786 shares of the company’s stock worth $329,000 after purchasing an additional 205 shares during the period. Citadel Advisors LLC bought a new position in shares of Invesco S&P SmallCap Materials ETF during the third quarter valued at approximately $243,000. Finally, Raymond James Financial Inc. purchased a new position in Invesco S&P SmallCap Materials ETF during the second quarter valued at approximately $53,000.

Invesco S&P SmallCap Materials ETF Company Profile

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.