Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Stock Price Up 1.4% – Still a Buy?

Shares of Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) rose 1.4% on Monday . The company traded as high as $55.85 and last traded at $55.89. Approximately 721 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 2,085 shares. The stock had previously closed at $55.13.

Invesco S&P SmallCap Financials ETF Stock Performance

The stock has a 50 day moving average of $57.54 and a two-hundred day moving average of $54.43. The firm has a market capitalization of $18.44 million, a P/E ratio of 15.25 and a beta of 1.03.

Invesco S&P SmallCap Financials ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a $0.418 dividend. This represents a $1.67 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, September 22nd. This is a positive change from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.34.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. bought a new position in shares of Invesco S&P SmallCap Financials ETF in the 1st quarter valued at approximately $220,000. Virtu Financial LLC bought a new position in shares of Invesco S&P SmallCap Financials ETF in the 1st quarter valued at approximately $351,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Invesco S&P SmallCap Financials ETF in the 1st quarter valued at approximately $503,000. Jones Financial Companies Lllp increased its position in Invesco S&P SmallCap Financials ETF by 2,000.8% in the 1st quarter. Jones Financial Companies Lllp now owns 21,449 shares of the company’s stock worth $1,197,000 after buying an additional 20,428 shares during the period. Finally, Harbor Capital Advisors Inc. increased its position in Invesco S&P SmallCap Financials ETF by 19.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 38,632 shares of the company’s stock worth $2,097,000 after buying an additional 6,333 shares during the period.

About Invesco S&P SmallCap Financials ETF

PowerShares S&P SmallCap Financials 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 Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services.