Kessler Investment Group LLC Has $262,000 Stock Position in Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF)

Kessler Investment Group LLC increased its position in shares of Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) by 939.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,738 shares of the company’s stock after purchasing an additional 4,282 shares during the quarter. Kessler Investment Group LLC owned approximately 1.18% of Invesco S&P SmallCap Financials ETF worth $262,000 at the end of the most recent quarter.

Separately, Virtu Financial LLC bought a new position in shares of Invesco S&P SmallCap Financials ETF in the 1st quarter valued at about $876,000.

Invesco S&P SmallCap Financials ETF Stock Down 2.4 %

Invesco S&P SmallCap Financials ETF stock traded down $1.36 during midday trading on Tuesday, hitting $55.81. 2,114 shares of the stock were exchanged, compared to its average volume of 2,063. The company has a fifty day simple moving average of $54.70 and a two-hundred day simple moving average of $50.65. Invesco S&P SmallCap Financials ETF has a 52 week low of $38.34 and a 52 week high of $57.51. The stock has a market capitalization of $22.32 million, a PE ratio of 13.50 and a beta of 1.03.

Invesco S&P SmallCap Financials ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.37 per share. This is an increase from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.18. This represents a $1.48 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Monday, September 23rd.

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.