Parr Mcknight Wealth Management Group LLC Makes New Investment in Invesco S&P SmallCap Materials ETF $PSCM

Parr Mcknight Wealth Management Group LLC purchased a new position in Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,429 shares of the company’s stock, valued at approximately $538,000.

Several other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Invesco S&P SmallCap Materials ETF in the 2nd quarter valued at approximately $53,000. Essex Financial Services Inc. bought a new position in Invesco S&P SmallCap Materials ETF during the first quarter worth $205,000. Jane Street Group LLC bought a new position in Invesco S&P SmallCap Materials ETF during the fourth quarter worth $226,000. Citadel Advisors LLC acquired a new position in Invesco S&P SmallCap Materials ETF in the third quarter worth $243,000. Finally, Private Advisor Group LLC acquired a new position in Invesco S&P SmallCap Materials ETF in the first quarter worth $282,000.

Invesco S&P SmallCap Materials ETF Stock Performance

NASDAQ PSCM opened at $97.31 on Tuesday. Invesco S&P SmallCap Materials ETF has a one year low of $71.35 and a one year high of $110.02. The company has a 50-day simple moving average of $103.60 and a 200-day simple moving average of $98.94. The firm has a market capitalization of $19.46 million, a PE ratio of 17.06 and a beta of 1.02.

Invesco S&P SmallCap Materials ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.2677 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, June 22nd.

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.