Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Stock Price Up 1.6% – Still a Buy?

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) traded up 1.6% during trading on Thursday . The stock traded as high as $59.99 and last traded at $59.90. 2,146 shares were traded during mid-day trading, a decline of 1% from the average session volume of 2,165 shares. The stock had previously closed at $58.95.

Invesco S&P SmallCap Financials ETF Stock Up 1.6%

The firm has a market cap of $20.97 million, a price-to-earnings ratio of 15.25 and a beta of 1.02. The company’s 50-day moving average price is $57.64 and its 200-day moving average price is $56.92.

Invesco S&P SmallCap Financials ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.2941 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.0%.

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

A number of institutional investors have recently bought and sold shares of the company. Founders Financial Alliance LLC acquired a new stake in shares of Invesco S&P SmallCap Financials ETF during the 3rd quarter worth about $32,000. Goldman Sachs Group Inc. purchased a new stake in shares of Invesco S&P SmallCap Financials ETF during the 1st quarter worth $220,000. Virtu Financial LLC lifted its stake in Invesco S&P SmallCap Financials ETF by 21.6% during the third quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock worth $396,000 after purchasing an additional 1,229 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Invesco S&P SmallCap Financials ETF by 13.5% in the third quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock valued at $610,000 after acquiring an additional 1,263 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Invesco S&P SmallCap Financials ETF by 19.6% in the second quarter. Harbor Capital Advisors Inc. now owns 38,632 shares of the company’s stock valued at $2,097,000 after acquiring an additional 6,333 shares during the period.

About Invesco S&P SmallCap Financials ETF

PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).