Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Trading 0.2% Higher – Time to Buy?

Shares of Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) shot up 0.2% on Tuesday . The stock traded as high as $176.69 and last traded at $175.89. 5,172 shares were traded during trading, a decline of 27% from the average session volume of 7,132 shares. The stock had previously closed at $175.54.

Invesco S&P SmallCap Industrials ETF Trading Up 0.2%

The firm’s fifty day moving average is $159.67 and its 200-day moving average is $151.51. The stock has a market capitalization of $175.89 million, a PE ratio of 23.47 and a beta of 1.21.

Invesco S&P SmallCap Industrials ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $1.52 per share. The ex-dividend date was Monday, December 22nd. This is an increase from Invesco S&P SmallCap Industrials ETF’s previous quarterly dividend of $0.19. This represents a $6.08 annualized dividend and a yield of 3.5%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PSCI. Farther Finance Advisors LLC acquired a new stake in Invesco S&P SmallCap Industrials ETF in the third quarter valued at $45,000. CX Institutional purchased a new stake in shares of Invesco S&P SmallCap Industrials ETF during the third quarter worth $186,000. Envestnet Asset Management Inc. bought a new stake in Invesco S&P SmallCap Industrials ETF during the third quarter worth approximately $213,000. Novak & Powell Financial Services Inc. acquired a new position in shares of Invesco S&P SmallCap Industrials ETF during the third quarter valued at about $219,000. Finally, JPMorgan Chase & Co. boosted its holdings in Invesco S&P SmallCap Industrials ETF by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 2,039 shares of the company’s stock valued at $305,000 after purchasing an additional 103 shares in the last quarter.

About Invesco S&P SmallCap Industrials ETF

PowerShares S&P SmallCap Industrials Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.