Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Shares Up 0.1% – Should You Buy?

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU – Get Free Report)’s stock price rose 0.1% during mid-day trading on Monday. The company traded as high as $59.46 and last traded at $59.4910. 685 shares changed hands during trading, a decline of 80% from the average session volume of 3,345 shares. The stock had previously closed at $59.42.

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

The company has a market capitalization of $14.20 million, a PE ratio of 18.18 and a beta of 0.75. The firm has a 50-day moving average of $63.21 and a 200 day moving average of $63.93.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a $0.1381 dividend. This is a positive change from Invesco S&P SmallCap Utilities & Communication Services ETF’s previous quarterly dividend of $0.0282. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.55 dividend on an annualized basis and a yield of 0.9%.

Hedge Funds Weigh In On Invesco S&P SmallCap Utilities & Communication Services ETF

A hedge fund recently bought a new position in Invesco S&P SmallCap Utilities & Communication Services ETF stock. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU – Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,321 shares of the company’s stock, valued at approximately $501,000. Parr Mcknight Wealth Management Group LLC owned about 3.47% of Invesco S&P SmallCap Utilities & Communication Services ETF as of its most recent SEC filing.

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

(Get Free Report)

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.

Further Reading

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