Modern Wealth Management LLC Makes New Investment in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI)

Modern Wealth Management LLC bought a new stake in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,603 shares of the company’s stock, valued at approximately $3,279,000. Modern Wealth Management LLC owned about 1.48% of Invesco S&P SmallCap Industrials ETF at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PSCI. Raymond James Financial Inc. bought a new position in shares of Invesco S&P SmallCap Industrials ETF in the fourth quarter valued at about $9,854,000. LPL Financial LLC lifted its position in shares of Invesco S&P SmallCap Industrials ETF by 14.4% during the fourth quarter. LPL Financial LLC now owns 51,747 shares of the company’s stock worth $6,953,000 after purchasing an additional 6,532 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Invesco S&P SmallCap Industrials ETF in the fourth quarter valued at approximately $2,451,000. Bogart Wealth LLC increased its holdings in shares of Invesco S&P SmallCap Industrials ETF by 4.1% in the fourth quarter. Bogart Wealth LLC now owns 17,179 shares of the company’s stock valued at $2,308,000 after purchasing an additional 676 shares in the last quarter. Finally, Amundi bought a new position in Invesco S&P SmallCap Industrials ETF in the 4th quarter worth approximately $1,223,000.

Invesco S&P SmallCap Industrials ETF Stock Performance

NASDAQ:PSCI opened at $123.95 on Wednesday. The company has a market cap of $197.08 million, a price-to-earnings ratio of 22.64 and a beta of 1.24. Invesco S&P SmallCap Industrials ETF has a 52-week low of $117.43 and a 52-week high of $150.72. The stock’s fifty day moving average price is $132.57 and its two-hundred day moving average price is $134.98.

Invesco S&P SmallCap Industrials ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be issued a $0.1867 dividend. The ex-dividend date is Monday, March 24th.

About Invesco S&P SmallCap Industrials ETF

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.