Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Trading Up 0.3% – Time to Buy?

Shares of Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) rose 0.3% on Friday . The stock traded as high as $65.82 and last traded at $65.71. 1,828 shares traded hands during trading, a decline of 51% from the average daily volume of 3,706 shares. The stock had previously closed at $65.53.

Invesco S&P SmallCap Financials ETF Stock Up 0.3%

The firm has a market capitalization of $26.94 million, a price-to-earnings ratio of 15.25 and a beta of 0.93. The stock has a 50 day moving average of $62.83 and a 200 day moving average of $60.47.

Invesco S&P SmallCap Financials ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.3128 per share. This represents a $1.25 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Investors Weigh In On Invesco S&P SmallCap Financials ETF

A number of institutional investors have recently made changes to their positions in the company. LPL Financial LLC lifted its stake in Invesco S&P SmallCap Financials ETF by 5.9% during the fourth quarter. LPL Financial LLC now owns 5,472 shares of the company’s stock worth $315,000 after purchasing an additional 306 shares during the last quarter. Virtu Financial LLC increased its stake in Invesco S&P SmallCap Financials ETF by 4.4% during the fourth quarter. Virtu Financial LLC now owns 7,214 shares of the company’s stock valued at $415,000 after purchasing an additional 306 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Invesco S&P SmallCap Financials ETF by 13.5% during the third quarter. Tower Research Capital LLC TRC now owns 10,635 shares of the company’s stock valued at $610,000 after purchasing an additional 1,263 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Invesco S&P SmallCap Financials ETF by 4.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 32,850 shares of the company’s stock worth $1,889,000 after purchasing an additional 1,545 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in shares of Invesco S&P SmallCap Financials ETF in the 1st quarter worth about $220,000.

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. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s Financial Services LLC (Standard & Poor’s).