Kessler Investment Group LLC Purchases 699 Shares of Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE)

Kessler Investment Group LLC lifted its stake in Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) by 206.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,038 shares of the company’s stock after buying an additional 699 shares during the period. Kessler Investment Group LLC owned about 0.06% of Invesco S&P SmallCap Energy ETF worth $51,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Blair William & Co. IL raised its holdings in shares of Invesco S&P SmallCap Energy ETF by 3.9% in the 2nd quarter. Blair William & Co. IL now owns 18,173 shares of the company’s stock worth $956,000 after buying an additional 687 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in shares of Invesco S&P SmallCap Energy ETF by 6.2% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 15,281 shares of the company’s stock worth $804,000 after buying an additional 896 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Invesco S&P SmallCap Energy ETF by 5.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 25,120 shares of the company’s stock worth $1,401,000 after buying an additional 1,347 shares in the last quarter. Jaffetilchin Investment Partners LLC acquired a new position in shares of Invesco S&P SmallCap Energy ETF in the 1st quarter worth approximately $308,000. Finally, PFG Advisors acquired a new stake in Invesco S&P SmallCap Energy ETF during the 1st quarter valued at $364,000.

Invesco S&P SmallCap Energy ETF Stock Up 0.2 %

PSCE stock traded up $0.11 during midday trading on Tuesday, reaching $49.11. 1,176 shares of the company’s stock traded hands, compared to its average volume of 29,105. The company has a 50-day simple moving average of $50.30 and a two-hundred day simple moving average of $52.60. Invesco S&P SmallCap Energy ETF has a 1-year low of $45.13 and a 1-year high of $58.38. The company has a market cap of $85.45 million, a price-to-earnings ratio of 34.07 and a beta of 1.95.

Invesco S&P SmallCap Energy ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.283 dividend. This is a positive change from Invesco S&P SmallCap Energy ETF’s previous quarterly dividend of $0.19. This represents a $1.13 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Monday, September 23rd.

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.