Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Shares Up 2.5% – Here’s Why

Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE)’s share price was up 2.5% during trading on Tuesday . The company traded as high as $48.33 and last traded at $48.28. Approximately 16,601 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 19,168 shares. The stock had previously closed at $47.09.

Invesco S&P SmallCap Energy ETF Price Performance

The business’s 50 day moving average price is $49.80 and its 200 day moving average price is $50.50. The stock has a market capitalization of $88.84 million, a P/E ratio of 34.07 and a beta of 1.95.

Invesco S&P SmallCap Energy ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.1747 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Invesco S&P SmallCap Energy ETF

Several large investors have recently added to or reduced their stakes in PSCE. Kessler Investment Group LLC raised its stake in shares of Invesco S&P SmallCap Energy ETF by 206.2% in the third quarter. Kessler Investment Group LLC now owns 1,038 shares of the company’s stock worth $51,000 after buying an additional 699 shares during the period. Walkner Condon Financial Advisors LLC bought a new stake in Invesco S&P SmallCap Energy ETF during the 4th quarter worth approximately $201,000. JBR Co Financial Management Inc lifted its holdings in Invesco S&P SmallCap Energy ETF by 3.2% during the fourth quarter. JBR Co Financial Management Inc now owns 10,871 shares of the company’s stock valued at $526,000 after purchasing an additional 339 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Invesco S&P SmallCap Energy ETF by 9.1% during the third quarter. HighTower Advisors LLC now owns 17,896 shares of the company’s stock valued at $877,000 after purchasing an additional 1,486 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Invesco S&P SmallCap Energy ETF by 5,943.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 21,394 shares of the company’s stock worth $1,035,000 after purchasing an additional 21,040 shares during the period.

Invesco S&P SmallCap Energy ETF Company Profile

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.