Independent Wealth Network Inc. Acquires 8,267 Shares of Invesco S&P SmallCap Materials ETF $PSCM

Independent Wealth Network Inc. acquired a new stake in shares of Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,267 shares of the company’s stock, valued at approximately $778,000. Independent Wealth Network Inc. owned about 3.94% of Invesco S&P SmallCap Materials ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacific Sun Financial Corp purchased a new stake in shares of Invesco S&P SmallCap Materials ETF in the first quarter worth approximately $214,000. Parr Mcknight Wealth Management Group LLC bought a new stake in Invesco S&P SmallCap Materials ETF during the first quarter worth $538,000. Private Advisor Group LLC bought a new stake in Invesco S&P SmallCap Materials ETF during the first quarter worth $282,000. Finally, Essex Financial Services Inc. purchased a new stake in Invesco S&P SmallCap Materials ETF in the 1st quarter valued at $205,000.

Invesco S&P SmallCap Materials ETF Stock Up 0.0%

NASDAQ:PSCM traded up $0.03 during trading hours on Monday, hitting $93.24. 423 shares of the company traded hands, compared to its average volume of 2,418. The firm’s 50-day simple moving average is $97.76 and its 200-day simple moving average is $100.61. Invesco S&P SmallCap Materials ETF has a one year low of $72.75 and a one year high of $110.02. The company has a market cap of $19.58 million, a PE ratio of 17.06 and a beta of 1.04.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a $0.2517 dividend. This is a drop from Invesco S&P SmallCap Materials ETF’s previous quarterly dividend of $0.2677. This represents a $1.01 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, September 21st.

About Invesco S&P SmallCap Materials ETF

PowerShares S&P SmallCap Materials Portfolio (the Fund) is based on the S&P SmallCap 600 Capped Materials Index (Index). The Index is designed to measure the overall performance of common stocks of United States basic materials companies. These companies are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals. The Index is a subset of the S&P SmallCap 600 Index, which is a float-adjusted, market capitalization-weighted index reflecting the United States small-cap market.