Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC) Stock Falls 1.3% – Here’s Why

Invesco S&P SmallCap Consumer Staples ETF (NASDAQ:PSCC)’s share price fell 1.3% during mid-day trading on Friday. The company traded as low as $36.23 and last traded at $36.61. 4,365 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 10,546 shares. The stock had previously closed at $37.11.

Invesco S&P SmallCap Consumer Staples ETF Stock Down 1.3%

The firm’s 50 day simple moving average is $34.97 and its 200-day simple moving average is $34.48. The company has a market capitalization of $39.54 million, a PE ratio of 24.40 and a beta of 0.63.

Invesco S&P SmallCap Consumer Staples ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were issued a $0.2832 dividend. This is an increase from Invesco S&P SmallCap Consumer Staples ETF’s previous quarterly dividend of $0.1158. This represents a $1.13 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, September 21st.

Institutional Investors Weigh In On Invesco S&P SmallCap Consumer Staples ETF

A number of hedge funds have recently added to or reduced their stakes in PSCC. Integrity Alliance LLC. bought a new position in Invesco S&P SmallCap Consumer Staples ETF during the third quarter valued at about $399,000. Envestnet Asset Management Inc. acquired a new stake in Invesco S&P SmallCap Consumer Staples ETF during the second quarter valued at approximately $214,000. Compass Financial Management LLC acquired a new position in Invesco S&P SmallCap Consumer Staples ETF in the second quarter worth approximately $424,000. Finally, Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Invesco S&P SmallCap Consumer Staples ETF in the 1st quarter worth $223,000.

About Invesco S&P SmallCap Consumer Staples ETF

PowerShares S&P SmallCap Consumer Staples 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 Consumer Staples Index (the Underlying Index). The Underlying Index consists of common stocks of United States consumer staples companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.