Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) Shares Cross Above 50 Day Moving Average – Here’s Why

Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $57.80 and traded as high as $60.42. Invesco S&P SmallCap Financials ETF shares last traded at $59.78, with a volume of 1,296 shares trading hands.

Invesco S&P SmallCap Financials ETF Stock Performance

The business’s fifty day moving average price is $58.01 and its 200-day moving average price is $53.69. The stock has a market cap of $23.89 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. Investors of record on Monday, September 23rd were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.48 annualized dividend and a yield of 2.48%. This is a boost from Invesco S&P SmallCap Financials ETF’s previous quarterly dividend of $0.18.

Institutional Investors Weigh In On Invesco S&P SmallCap Financials ETF

Hedge funds have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. boosted its stake in shares of Invesco S&P SmallCap Financials ETF by 17.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,699 shares of the company’s stock worth $260,000 after buying an additional 688 shares during the last quarter. Kessler Investment Group LLC increased its position in Invesco S&P SmallCap Financials ETF by 939.0% during the third quarter. Kessler Investment Group LLC now owns 4,738 shares of the company’s stock valued at $262,000 after acquiring an additional 4,282 shares during the last quarter. Riggs Asset Managment Co. Inc. bought a new position in Invesco S&P SmallCap Financials ETF in the third quarter valued at about $28,000. Atlas Wealth LLC purchased a new position in Invesco S&P SmallCap Financials ETF in the third quarter worth about $538,000. Finally, Gladstone Institutional Advisory LLC grew its stake in shares of Invesco S&P SmallCap Financials ETF by 6.4% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 8,278 shares of the company’s stock valued at $458,000 after purchasing an additional 496 shares during the period.

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.