Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Trading 0.6% Higher – Here’s Why

by · The Markets Daily

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU – Get Free Report)’s share price traded up 0.6% during mid-day trading on Monday . The company traded as high as $58.28 and last traded at $58.3040. 466 shares were traded during trading, a decline of 47% from the average session volume of 881 shares. The stock had previously closed at $57.95.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Up 0.6%

The stock’s 50-day moving average price is $57.97 and its 200 day moving average price is $57.32. The company has a market cap of $13.41 million, a P/E ratio of 18.18 and a beta of 0.82.

Invesco S&P SmallCap Utilities & Communication Services ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.231 dividend. This represents a $0.92 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, December 22nd.

Institutional Investors Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PSCU. Tower Research Capital LLC TRC increased its stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% in the second quarter. Tower Research Capital LLC TRC now owns 6,999 shares of the company’s stock worth $389,000 after purchasing an additional 202 shares during the period. Global Retirement Partners LLC grew its holdings in Invesco S&P SmallCap Utilities & Communication Services ETF by 13.4% in the 3rd quarter. Global Retirement Partners LLC now owns 3,467 shares of the company’s stock valued at $199,000 after buying an additional 411 shares during the last quarter. Advisory Services Network LLC bought a new position in Invesco S&P SmallCap Utilities & Communication Services ETF in the 3rd quarter worth approximately $58,000. Virtu Financial LLC increased its position in Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% in the 3rd quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock worth $738,000 after buying an additional 4,378 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 103.7% during the second quarter. Harbor Capital Advisors Inc. now owns 24,958 shares of the company’s stock worth $1,388,000 after buying an additional 12,703 shares during the last quarter.

About Invesco S&P SmallCap Utilities & Communication Services ETF

(Get Free Report)

PowerShares S&P SmallCap Utilities 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 Utilities & Telecom Services Index (the Underlying Index). The Underlying Index consists of common stocks of United States utility companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable.

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