Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Trading 1.5% Higher – Time to Buy?

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE)’s stock price was up 1.5% on Wednesday . The stock traded as high as $64.71 and last traded at $64.33. 25,590 shares changed hands during trading, a decline of 32% from the average daily volume of 37,560 shares. The stock had previously closed at $63.38.

Invesco S&P SmallCap Energy ETF Trading Up 1.5%

The company has a market cap of $110.00 million, a P/E ratio of 9.69 and a beta of 0.75. The firm’s 50 day moving average price is $58.32 and its 200-day moving average price is $58.83.

Invesco S&P SmallCap Energy ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a dividend of $0.4104 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, June 22nd.

Hedge Funds Weigh In On Invesco S&P SmallCap Energy ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its stake in Invesco S&P SmallCap Energy ETF by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 82,985 shares of the company’s stock valued at $3,477,000 after acquiring an additional 2,937 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of Invesco S&P SmallCap Energy ETF by 47.1% during the 2nd quarter. Osaic Holdings Inc. now owns 5,742 shares of the company’s stock valued at $223,000 after acquiring an additional 1,839 shares during the last quarter. Bank of America Corp DE raised its position in shares of Invesco S&P SmallCap Energy ETF by 34.8% during the 3rd quarter. Bank of America Corp DE now owns 9,483 shares of the company’s stock valued at $404,000 after acquiring an additional 2,447 shares during the last quarter. Hohimer Wealth Management LLC acquired a new position in shares of Invesco S&P SmallCap Energy ETF in the 4th quarter valued at $409,000. Finally, Cetera Investment Advisers acquired a new position in shares of Invesco S&P SmallCap Energy ETF in the 4th quarter valued at $204,000.

About Invesco S&P SmallCap Energy ETF

PowerShares S&P SmallCap Energy Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Energy Index (the Underlying Index). The Underlying Index consists of common stocks of the United States energy companies that are principally engaged in the business of producing, distributing or servicing energy-related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil-based energy.