Source Financial Advisors LLC Makes New $217,000 Investment in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI)

Source Financial Advisors LLC purchased a new stake in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 1,637 shares of the company’s stock, valued at approximately $217,000.

A number of other hedge funds have also modified their holdings of PSCI. Raymond James & Associates increased its position in shares of Invesco S&P SmallCap Industrials ETF by 3.2% during the second quarter. Raymond James & Associates now owns 73,759 shares of the company’s stock valued at $8,856,000 after acquiring an additional 2,280 shares during the last quarter. Koshinski Asset Management Inc. purchased a new stake in Invesco S&P SmallCap Industrials ETF in the third quarter valued at approximately $342,000. Harbor Capital Advisors Inc. purchased a new stake in Invesco S&P SmallCap Industrials ETF in the second quarter valued at approximately $73,000. US Bancorp DE lifted its stake in Invesco S&P SmallCap Industrials ETF by 400.5% during the first quarter. US Bancorp DE now owns 10,086 shares of the company’s stock worth $1,280,000 after purchasing an additional 8,071 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Invesco S&P SmallCap Industrials ETF by 2.4% during the second quarter. Envestnet Asset Management Inc. now owns 189,026 shares of the company’s stock worth $22,694,000 after buying an additional 4,421 shares during the period.

Invesco S&P SmallCap Industrials ETF Trading Up 1.2 %

PSCI stock opened at $145.98 on Friday. The business’s fifty day moving average price is $130.52 and its 200 day moving average price is $126.13. Invesco S&P SmallCap Industrials ETF has a 12-month low of $97.74 and a 12-month high of $146.44. The company has a market capitalization of $216.05 million, a PE ratio of 18.19 and a beta of 1.24.

Invesco S&P SmallCap Industrials ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.318 dividend. This is an increase from Invesco S&P SmallCap Industrials ETF’s previous quarterly dividend of $0.14. This represents a $1.27 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco S&P SmallCap Industrials ETF Company 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.