Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Trading Down 0.6% – Time to Sell?

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU)’s stock price traded down 0.6% on Monday . The company traded as low as $57.62 and last traded at $57.9140. 613 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 1,205 shares. The stock had previously closed at $58.28.

Invesco S&P SmallCap Utilities & Communication Services ETF Trading Down 0.6%

The business’s 50-day moving average price is $58.45 and its 200-day moving average price is $56.94. The stock has a market cap of $13.32 million, a PE ratio of 18.18 and a beta of 0.82.

Invesco S&P SmallCap Utilities & Communication Services ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were paid a $0.2621 dividend. This represents a $1.05 annualized dividend and a yield of 1.8%. This is a positive change from Invesco S&P SmallCap Utilities & Communication Services ETF’s previous quarterly dividend of $0.03. The ex-dividend date was Monday, September 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF during the 3rd quarter worth approximately $58,000. Global Retirement Partners LLC raised its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 13.4% in the third quarter. Global Retirement Partners LLC now owns 3,467 shares of the company’s stock worth $199,000 after acquiring an additional 411 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock valued at $389,000 after acquiring an additional 202 shares during the period. Virtu Financial LLC increased its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% in the third quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock valued at $738,000 after buying an additional 4,378 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 103.7% in the second quarter. Harbor Capital Advisors Inc. now owns 24,958 shares of the company’s stock valued at $1,388,000 after purchasing an additional 12,703 shares during the period.

About Invesco S&P SmallCap Utilities & Communication Services ETF

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies.