Parr Mcknight Wealth Management Group LLC Takes $538,000 Position in Invesco S&P SmallCap Materials ETF $PSCM

Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 5,429 shares of the company’s stock, valued at approximately $538,000. Parr Mcknight Wealth Management Group LLC owned 2.71% of Invesco S&P SmallCap Materials ETF as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PSCM. Virtu Financial LLC boosted its holdings in Invesco S&P SmallCap Materials ETF by 13.6% in the 3rd quarter. Virtu Financial LLC now owns 16,393 shares of the company’s stock worth $1,272,000 after acquiring an additional 1,963 shares during the period. Citadel Advisors LLC purchased a new position in shares of Invesco S&P SmallCap Materials ETF in the third quarter valued at $243,000. Private Advisor Group LLC acquired a new stake in Invesco S&P SmallCap Materials ETF during the 1st quarter valued at $282,000. Jane Street Group LLC acquired a new stake in Invesco S&P SmallCap Materials ETF during the 4th quarter valued at $226,000. Finally, Essex Financial Services Inc. acquired a new stake in Invesco S&P SmallCap Materials ETF during the 1st quarter valued at $205,000.

Invesco S&P SmallCap Materials ETF Stock Performance

NASDAQ:PSCM opened at $97.31 on Tuesday. Invesco S&P SmallCap Materials ETF has a one year low of $71.35 and a one year high of $110.02. The business’s 50-day simple moving average is $103.60 and its 200 day simple moving average is $98.94. The stock has a market cap of $19.46 million, a price-to-earnings ratio of 17.06 and a beta of 1.02.

Invesco S&P SmallCap Materials ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.2677 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.07 annualized dividend and a yield of 1.1%.

About Invesco S&P SmallCap Materials ETF

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. The Index is a subset of the S&P SmallCap 600 Index, which is a float-adjusted, market capitalization-weighted index reflecting the United States small-cap market.