Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) Shares Sold by MAI Capital Management

MAI Capital Management lowered its position in shares of Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) by 22.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,035 shares of the company’s stock after selling 19,704 shares during the quarter. MAI Capital Management owned approximately 4.53% of Invesco S&P SmallCap Industrials ETF worth $8,869,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James & Associates raised its stake in Invesco S&P SmallCap Industrials ETF by 3.2% in the 2nd quarter. Raymond James & Associates now owns 73,759 shares of the company’s stock valued at $8,856,000 after purchasing an additional 2,280 shares during the last quarter. Koshinski Asset Management Inc. acquired a new stake in shares of Invesco S&P SmallCap Industrials ETF in the third quarter valued at about $342,000. Envestnet Asset Management Inc. raised its position in shares of Invesco S&P SmallCap Industrials ETF by 2.4% in the second quarter. Envestnet Asset Management Inc. now owns 189,026 shares of the company’s stock valued at $22,694,000 after buying an additional 4,421 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Invesco S&P SmallCap Industrials ETF during the second quarter worth about $73,000. Finally, Private Advisor Group LLC grew its stake in Invesco S&P SmallCap Industrials ETF by 14.1% during the 3rd quarter. Private Advisor Group LLC now owns 14,395 shares of the company’s stock valued at $1,904,000 after acquiring an additional 1,778 shares in the last quarter.

Invesco S&P SmallCap Industrials ETF Trading Up 0.1 %

PSCI stock opened at $142.83 on Tuesday. The firm has a 50-day moving average of $132.58 and a two-hundred day moving average of $127.07. Invesco S&P SmallCap Industrials ETF has a 12 month low of $103.00 and a 12 month high of $148.73. The company has a market cap of $211.39 million, a price-to-earnings ratio of 18.19 and a beta of 1.24.

Invesco S&P SmallCap Industrials ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.318 dividend. This represents a $1.27 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Monday, September 23rd. This is a boost from Invesco S&P SmallCap Industrials ETF’s previous quarterly dividend of $0.14.

Invesco S&P SmallCap Industrials ETF 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.