Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Shares Up 0.3% – Here’s What Happened

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU)’s stock price shot up 0.3% on Monday . The company traded as high as $63.57 and last traded at $63.57. 1,814 shares were traded during mid-day trading, a decline of 72% from the average session volume of 6,516 shares. The stock had previously closed at $63.38.

Invesco S&P SmallCap Utilities & Communication Services ETF Stock Performance

The firm has a market capitalization of $15.26 million, a P/E ratio of 18.18 and a beta of 0.71. The business’s fifty day moving average price is $59.36 and its two-hundred day moving average price is $58.66.

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

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.1155 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, March 23rd.

Institutional Trading of Invesco S&P SmallCap Utilities & Communication Services ETF

A number of institutional investors have recently modified their holdings of PSCU. Tower Research Capital LLC TRC boosted its stake in Invesco S&P SmallCap Utilities & Communication Services ETF by 3.0% in the 2nd 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 in the last quarter. Global Retirement Partners LLC boosted its stake 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 worth $199,000 after purchasing an additional 411 shares in the last quarter. Virtu Financial LLC boosted its stake 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 purchasing an additional 4,378 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF in the 3rd quarter worth approximately $58,000. Finally, IHT Wealth Management LLC boosted its stake in Invesco S&P SmallCap Utilities & Communication Services ETF by 121.7% in the 4th quarter. IHT Wealth Management LLC now owns 22,259 shares of the company’s stock worth $1,280,000 after purchasing an additional 12,219 shares in the last quarter.

Invesco S&P SmallCap Utilities & Communication Services ETF Company Profile

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.