Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Trading Down 0.6% – Time to Sell?

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) shares were down 0.6% during trading on Monday . The company traded as low as $57.62 and last traded at $57.9140. Approximately 613 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 1,205 shares. The stock had previously closed at $58.28.

Invesco S&P SmallCap Utilities & Communication Services ETF Trading Down 0.6%

The business has a 50 day simple moving average of $58.45 and a two-hundred day simple moving average of $56.94. The stock has a market cap of $13.32 million, a price-to-earnings ratio of 18.18 and a beta of 0.82.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.2621 per share. This is an increase from Invesco S&P SmallCap Utilities & Communication Services ETF’s previous quarterly dividend of $0.03. The ex-dividend date was Monday, September 22nd. This represents a $1.05 annualized dividend and a dividend yield of 1.8%.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in PSCU. Harbor Capital Advisors Inc. boosted its stake in Invesco S&P SmallCap Utilities & Communication Services ETF by 103.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 24,958 shares of the company’s stock valued at $1,388,000 after acquiring an additional 12,703 shares during the last quarter. Virtu Financial LLC lifted its position in shares of Invesco S&P SmallCap Utilities & Communication Services ETF by 51.8% during the third quarter. Virtu Financial LLC now owns 12,837 shares of the company’s stock worth $738,000 after purchasing an additional 4,378 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in 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 in the last quarter. Global Retirement Partners LLC increased its holdings in Invesco S&P SmallCap Utilities & Communication Services ETF by 13.4% in the third 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. Finally, Advisory Services Network LLC acquired a new stake in Invesco S&P SmallCap Utilities & Communication Services ETF during the third quarter valued at approximately $58,000.

About Invesco S&P SmallCap Utilities & Communication Services ETF

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.