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JANUARY 27, 2023MARKETBEAT

Raymond James & Associates trimmed its stake in shares of Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE – Get Rating) by 56.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 155,581 shares of the company’s stock after selling 201,250 shares during the quarter. Raymond James & Associates owned about 1.19% of Invesco S&P SmallCap Energy ETF worth $1,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in PSCE. Gladstone Institutional Advisory LLC increased its holdings in shares of Invesco S&P SmallCap Energy ETF by 16.7% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 36,871 shares of the company’s stock worth $314,000 after acquiring an additional 5,285 shares during the period. One Plus One Wealth Management LLC acquired a new stake in shares of Invesco S&P SmallCap Energy ETF in the third quarter valued at approximately $6,388,000. J2 Capital Management Inc bought a new stake in shares of Invesco S&P SmallCap Energy ETF during the third quarter valued at approximately $284,000. SMI Advisory Services LLC acquired a new position in shares of Invesco S&P SmallCap Energy ETF during the second quarter worth approximately $3,271,000. Finally, Goldman Sachs Group Inc. grew its holdings in Invesco S&P SmallCap Energy ETF by 115.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 108,272 shares of the company’s stock worth $942,000 after buying an additional 57,977 shares in the last quarter.

Invesco S&P SmallCap Energy ETF Stock Up 0.5 %

Shares of Invesco S&P SmallCap Energy ETF stock opened at $10.78 on Friday. Invesco S&P SmallCap Energy ETF has a 1-year low of $7.39 and a 1-year high of $12.55. The business’s fifty day moving average price is $10.25 and its two-hundred day moving average price is $9.90.

Invesco S&P SmallCap Energy ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Tuesday, December 20th were paid a dividend of $0.068 per share. This is a boost from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.06. This represents a $0.27 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Monday, December 19th.

Invesco S&P SmallCap Energy ETF 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.