Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) Shares Up 2.5% – Still a Buy?

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

Invesco S&P SmallCap Energy ETF Stock Up 2.5 %

The firm’s fifty day moving average price is $49.80 and its 200 day moving average price is $50.50. The stock has a market cap of $88.84 million, a PE ratio of 34.07 and a beta of 1.95.

Invesco S&P SmallCap Energy ETF Dividend Announcement

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

Hedge Funds Weigh In On Invesco S&P SmallCap Energy ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PSCE. Kessler Investment Group LLC grew its holdings 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 valued at $51,000 after purchasing an additional 699 shares in the last quarter. Walkner Condon Financial Advisors LLC purchased a new position in shares of Invesco S&P SmallCap Energy ETF in the 4th quarter worth $201,000. JBR Co Financial Management Inc grew its stake in shares of Invesco S&P SmallCap Energy ETF by 3.2% in the 4th quarter. JBR Co Financial Management Inc now owns 10,871 shares of the company’s stock worth $526,000 after buying an additional 339 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of 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 worth $877,000 after buying an additional 1,486 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of Invesco S&P SmallCap Energy ETF by 5,943.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 21,394 shares of the company’s stock valued at $1,035,000 after buying an additional 21,040 shares in the last quarter.

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.