Pekin Hardy Strauss Inc. Cuts Stock Holdings in Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE)

Pekin Hardy Strauss Inc. reduced its stake in shares of Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) by 9.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,960 shares of the company’s stock after selling 400 shares during the quarter. Pekin Hardy Strauss Inc. owned 0.13% of Invesco S&P SmallCap Energy ETF worth $208,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. U.S. Capital Wealth Advisors LLC boosted its position in Invesco S&P SmallCap Energy ETF by 6.2% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 15,281 shares of the company’s stock valued at $804,000 after buying an additional 896 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Invesco S&P SmallCap Energy ETF by 5.7% during the first quarter. Commonwealth Equity Services LLC now owns 25,120 shares of the company’s stock worth $1,401,000 after purchasing an additional 1,347 shares during the period. Jaffetilchin Investment Partners LLC bought a new stake in shares of Invesco S&P SmallCap Energy ETF in the first quarter worth about $308,000. Finally, PFG Advisors purchased a new position in Invesco S&P SmallCap Energy ETF during the 1st quarter valued at about $364,000.

Invesco S&P SmallCap Energy ETF Stock Performance

PSCE opened at $49.55 on Thursday. The stock has a market capitalization of $156.08 million, a PE ratio of 34.07 and a beta of 1.95. The stock’s 50 day moving average price is $51.70 and its 200-day moving average price is $53.22. Invesco S&P SmallCap Energy ETF has a 52-week low of $45.13 and a 52-week high of $59.02.

Invesco S&P SmallCap Energy ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were issued a $0.1855 dividend. The ex-dividend date was Monday, June 24th. This is a positive change from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 1.50%.

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.