Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Stock Price Up 1% – Here’s Why

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) traded up 1% during trading on Friday . The company traded as high as $80.27 and last traded at $80.27. 78 shares traded hands during trading, a decline of 92% from the average session volume of 937 shares. The stock had previously closed at $79.48.

Invesco S&P SmallCap Materials ETF Stock Up 1.0%

The firm has a market capitalization of $12.84 million, a P/E ratio of 17.06 and a beta of 1.15. The business’s 50-day simple moving average is $76.93 and its 200 day simple moving average is $74.10.

Invesco S&P SmallCap Materials ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were issued a dividend of $0.2208 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $0.88 annualized dividend and a dividend yield of 1.1%.

Institutional Trading of Invesco S&P SmallCap Materials ETF

Hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC purchased a new position in shares of Invesco S&P SmallCap Materials ETF in the third quarter worth about $243,000. Virtu Financial LLC grew its position in Invesco S&P SmallCap Materials ETF by 17.6% during the 1st quarter. Virtu Financial LLC now owns 13,764 shares of the company’s stock worth $919,000 after acquiring an additional 2,062 shares during the last quarter. Raymond James Financial Inc. bought a new position in Invesco S&P SmallCap Materials ETF during the 2nd quarter worth approximately $53,000. Finally, Signet Financial Management LLC increased its stake in Invesco S&P SmallCap Materials ETF by 4.5% in the 2nd quarter. Signet Financial Management LLC now owns 4,786 shares of the company’s stock worth $329,000 after purchasing an additional 205 shares during the period.

Invesco S&P SmallCap Materials ETF Company Profile

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.