Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) Shares Cross Above 200 Day Moving Average – What’s Next?

Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $62.50 and traded as high as $62.90. Invesco S&P SmallCap Utilities & Communication Services ETF shares last traded at $62.9210, with a volume of 298 shares changing hands.

Invesco S&P SmallCap Utilities & Communication Services ETF Trading Up 0.8%

The firm has a fifty day simple moving average of $61.43 and a 200 day simple moving average of $62.50. The stock has a market cap of $17.62 million, a price-to-earnings ratio of 13.79 and a beta of 0.76.

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

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Invesco S&P SmallCap Utilities & Communication Services ETF stock. Parr Mcknight Wealth Management Group LLC increased its position in Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,519 shares of the company’s stock after purchasing an additional 187 shares during the quarter. Parr Mcknight Wealth Management Group LLC owned approximately 3.40% of Invesco S&P SmallCap Utilities & Communication Services ETF worth $574,000 at the end of the most recent quarter.

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. 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.