Marcum Wealth LLC Invests $200,000 in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI)

Marcum Wealth LLC purchased a new position in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) during the third quarter, Holdings Channel.com reports. The firm purchased 1,515 shares of the company’s stock, valued at approximately $200,000.

A number of other hedge funds have also modified their holdings of the stock. RiverFront Investment Group LLC increased its stake in shares of Invesco S&P SmallCap Industrials ETF by 10.6% in the second quarter. RiverFront Investment Group LLC now owns 136,872 shares of the company’s stock worth $16,433,000 after acquiring an additional 13,118 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Invesco S&P SmallCap Industrials ETF by 2.4% in the second quarter. Envestnet Asset Management Inc. now owns 189,026 shares of the company’s stock worth $22,694,000 after purchasing an additional 4,421 shares in the last quarter. Raymond James & Associates boosted its holdings in Invesco S&P SmallCap Industrials ETF by 3.2% in the second quarter. Raymond James & Associates now owns 73,759 shares of the company’s stock worth $8,856,000 after purchasing an additional 2,280 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in Invesco S&P SmallCap Industrials ETF in the second quarter worth $73,000. Finally, Jaffetilchin Investment Partners LLC bought a new stake in Invesco S&P SmallCap Industrials ETF in the first quarter worth $280,000.

Invesco S&P SmallCap Industrials ETF Trading Up 2.1 %

Shares of NASDAQ:PSCI opened at $131.93 on Friday. The stock has a market capitalization of $197.90 million, a PE ratio of 18.19 and a beta of 1.24. Invesco S&P SmallCap Industrials ETF has a 1 year low of $93.45 and a 1 year high of $136.28. The firm has a fifty day moving average price of $126.94 and a 200 day moving average price of $124.56.

Invesco S&P SmallCap Industrials ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.318 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This is a boost from Invesco S&P SmallCap Industrials ETF’s previous quarterly dividend of $0.14. This represents a $1.27 dividend on an annualized basis and a yield of 0.96%.

Invesco S&P SmallCap Industrials ETF Profile

PowerShares S&P SmallCap Industrials 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 Industrials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States industrial companies.