Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Trading Down 0.4% – Here’s Why

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE)’s stock price fell 0.4% during trading on Thursday . The stock traded as low as $53.70 and last traded at $54.61. 34,923 shares traded hands during trading, a decline of 15% from the average session volume of 41,122 shares. The stock had previously closed at $54.81.

Invesco S&P SmallCap Energy ETF Stock Performance

The firm’s fifty day simple moving average is $48.77 and its 200-day simple moving average is $44.64. The stock has a market cap of $91.90 million, a P/E ratio of 9.69 and a beta of 1.00.

Invesco S&P SmallCap Energy ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.295 per share. This is a boost from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.24. The ex-dividend date was Monday, December 22nd. This represents a $1.18 dividend on an annualized basis and a yield of 2.1%.

Institutional Trading of Invesco S&P SmallCap Energy ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC purchased a new position in shares of Invesco S&P SmallCap Energy ETF during the third quarter valued at approximately $68,000. Atlantic Union Bankshares Corp purchased a new position in Invesco S&P SmallCap Energy ETF during the 2nd quarter worth $147,000. Cetera Investment Advisers bought a new stake in shares of Invesco S&P SmallCap Energy ETF in the 4th quarter worth $204,000. Kazazian Asset Management LLC purchased a new stake in shares of Invesco S&P SmallCap Energy ETF in the third quarter valued at about $213,000. Finally, Walkner Condon Financial Advisors LLC bought a new position in shares of Invesco S&P SmallCap Energy ETF during the third quarter valued at about $236,000.

About Invesco S&P SmallCap Energy ETF

PowerShares S&P SmallCap Energy 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 Energy Index (the Underlying Index). The Underlying Index consists of common stocks of the United States energy companies that are principally engaged in the business of producing, distributing or servicing energy-related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil-based energy.