Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Stock Price Down 0.2% – Time to Sell?

Shares of Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) fell 0.2% during mid-day trading on Monday . The stock traded as low as $65.98 and last traded at $66.00. 626 shares were traded during mid-day trading, a decline of 88% from the average session volume of 5,185 shares. The stock had previously closed at $66.16.

Invesco S&P SmallCap Utilities & Communication Services ETF Trading Down 0.0%

The company has a 50 day moving average of $63.57 and a 200 day moving average of $60.10. The firm has a market cap of $15.83 million, a price-to-earnings ratio of 18.18 and a beta of 0.73.

Invesco S&P SmallCap Utilities & Communication Services ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.1155 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.46 annualized dividend and a dividend yield of 0.7%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC bought a new position in Invesco S&P SmallCap Utilities & Communication Services ETF during the 3rd quarter valued at $58,000. Tower Research Capital LLC TRC raised its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% in the second quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock valued at $389,000 after purchasing an additional 202 shares during the last quarter. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF in the first quarter valued at about $501,000. Virtu Financial LLC lifted its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% during the third quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock valued at $738,000 after purchasing an additional 4,378 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 121.7% during the fourth quarter. IHT Wealth Management LLC now owns 22,259 shares of the company’s stock valued at $1,280,000 after purchasing an additional 12,219 shares in the last quarter.

About Invesco S&P SmallCap Utilities & Communication Services ETF

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable.