Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Stock Price Up 1.7% – Here’s Why

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF)’s stock price was up 1.7% during trading on Tuesday . The stock traded as high as $62.95 and last traded at $62.60. Approximately 1,990 shares were traded during trading, a decline of 50% from the average daily volume of 3,954 shares. The stock had previously closed at $61.53.

Invesco S&P SmallCap Financials ETF Stock Performance

The company has a 50 day simple moving average of $60.83 and a 200 day simple moving average of $59.38. The company has a market capitalization of $25.04 million, a PE ratio of 15.25 and a beta of 0.94.

Invesco S&P SmallCap Financials ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.4002 per share. This is an increase from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, March 23rd. This represents a $1.60 annualized dividend and a yield of 2.6%.

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

Several large investors have recently bought and sold shares of PSCF. Founders Financial Alliance LLC purchased a new stake in Invesco S&P SmallCap Financials ETF during the 3rd quarter worth approximately $32,000. Goldman Sachs Group Inc. purchased a new stake in Invesco S&P SmallCap Financials ETF during the 1st quarter worth approximately $220,000. LPL Financial LLC increased its stake in Invesco S&P SmallCap Financials ETF by 5.9% during the 4th quarter. LPL Financial LLC now owns 5,472 shares of the company’s stock worth $315,000 after buying an additional 306 shares in the last quarter. Virtu Financial LLC increased its stake in Invesco S&P SmallCap Financials ETF by 21.6% during the 3rd quarter. Virtu Financial LLC now owns 6,908 shares of the company’s stock worth $396,000 after buying an additional 1,229 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Invesco S&P SmallCap Financials ETF by 13.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock worth $610,000 after buying an additional 1,263 shares in the last quarter.

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).