Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Trading 2.6% Higher – Should You Buy?

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE)’s stock price traded up 2.6% during mid-day trading on Monday . The stock traded as high as $60.48 and last traded at $60.31. 19,238 shares traded hands during trading, a decline of 58% from the average session volume of 45,661 shares. The stock had previously closed at $58.77.

Invesco S&P SmallCap Energy ETF Price Performance

The firm has a 50-day moving average of $60.81 and a 200-day moving average of $53.52. The stock has a market cap of $116.40 million, a PE ratio of 9.69 and a beta of 0.71.

Invesco S&P SmallCap Energy ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.3347 per share. This is an increase from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.30. This represents a $1.34 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, March 23rd.

Institutional Trading of Invesco S&P SmallCap Energy ETF

Several institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in shares of Invesco S&P SmallCap Energy ETF by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 82,985 shares of the company’s stock worth $3,477,000 after purchasing an additional 2,937 shares in the last quarter. Kestra Advisory Services LLC grew its position in shares of Invesco S&P SmallCap Energy ETF by 1.0% during the first quarter. Kestra Advisory Services LLC now owns 16,178 shares of the company’s stock worth $986,000 after purchasing an additional 159 shares in the last quarter. Hohimer Wealth Management LLC purchased a new stake in shares of Invesco S&P SmallCap Energy ETF during the fourth quarter worth about $409,000. Bank of America Corp DE grew its position in shares of Invesco S&P SmallCap Energy ETF by 34.8% during the third quarter. Bank of America Corp DE now owns 9,483 shares of the company’s stock worth $404,000 after purchasing an additional 2,447 shares in the last quarter. Finally, First Growth Capital LLC grew its position in shares of Invesco S&P SmallCap Energy ETF by 7.4% during the first quarter. First Growth Capital LLC now owns 9,371 shares of the company’s stock worth $554,000 after purchasing an additional 649 shares in the last quarter.

Invesco S&P SmallCap Energy ETF Company Profile

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.