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

Shares of Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) dropped 1.5% on Friday . The company traded as low as $50.76 and last traded at $50.93. Approximately 176,188 shares traded hands during trading, an increase of 515% from the average daily volume of 28,665 shares. The stock had previously closed at $51.69.

Invesco S&P SmallCap Energy ETF Trading Down 1.5 %

The business has a 50 day moving average of $49.83 and a two-hundred day moving average of $51.82. The firm has a market cap of $89.64 million, a P/E ratio of 34.07 and a beta of 1.95.

Invesco S&P SmallCap Energy ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.283 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Monday, September 23rd. This is a boost from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.19.

Institutional Trading of Invesco S&P SmallCap Energy ETF

Several hedge funds and other institutional investors have recently modified their holdings of PSCE. Kessler Investment Group LLC lifted its position in Invesco S&P SmallCap Energy ETF by 206.2% during the third quarter. Kessler Investment Group LLC now owns 1,038 shares of the company’s stock worth $51,000 after acquiring an additional 699 shares during the last quarter. Jaffetilchin Investment Partners LLC bought a new stake in Invesco S&P SmallCap Energy ETF in the 1st quarter valued at $308,000. U.S. Capital Wealth Advisors LLC boosted its stake in Invesco S&P SmallCap Energy ETF by 6.2% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 15,281 shares of the company’s stock valued at $804,000 after purchasing an additional 896 shares during the period. HighTower Advisors LLC grew its holdings in Invesco S&P SmallCap Energy ETF by 9.1% in the 3rd quarter. HighTower Advisors LLC now owns 17,896 shares of the company’s stock valued at $877,000 after buying an additional 1,486 shares in the last quarter. Finally, Blair William & Co. IL increased its position in Invesco S&P SmallCap Energy ETF by 3.9% during the 2nd quarter. Blair William & Co. IL now owns 18,173 shares of the company’s stock worth $956,000 after buying an additional 687 shares during the period.

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.