Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Trading Up 0.7% – Here’s Why

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) shares rose 0.7% during trading on Monday . The stock traded as high as $92.40 and last traded at $91.8990. Approximately 3,022 shares traded hands during trading, a decline of 54% from the average daily volume of 6,603 shares. The stock had previously closed at $91.30.

Invesco S&P SmallCap Materials ETF Price Performance

The stock has a 50-day moving average price of $81.57 and a 200-day moving average price of $78.01. The company has a market capitalization of $11.95 million, a P/E ratio of 17.06 and a beta of 1.15.

Invesco S&P SmallCap Materials ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.289 per share. This represents a $1.16 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco S&P SmallCap Materials ETF’s previous quarterly dividend of $0.22.

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

Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Invesco S&P SmallCap Materials ETF during the second quarter worth $53,000. Citadel Advisors LLC acquired a new stake in Invesco S&P SmallCap Materials ETF during the 3rd quarter worth about $243,000. Signet Financial Management LLC grew its holdings in Invesco S&P SmallCap Materials ETF by 4.5% during the 2nd quarter. Signet Financial Management LLC now owns 4,786 shares of the company’s stock worth $329,000 after acquiring an additional 205 shares during the period. Finally, Virtu Financial LLC raised its position in shares of 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 in the last quarter.

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. 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.