Bank of America Corp DE Sells 51,546 Shares of Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE)

Bank of America Corp DE decreased its stake in shares of Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) by 81.9% during the fourth quarter, Holdings Channel reports. The firm owned 11,362 shares of the company’s stock after selling 51,546 shares during the quarter. Bank of America Corp DE’s holdings in Invesco S&P SmallCap Energy ETF were worth $550,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in Invesco S&P SmallCap Energy ETF during the fourth quarter valued at approximately $1,541,000. Jane Street Group LLC bought a new position in Invesco S&P SmallCap Energy ETF during the fourth quarter valued at approximately $1,037,000. Blair William & Co. IL lifted its position in Invesco S&P SmallCap Energy ETF by 3.8% during the fourth quarter. Blair William & Co. IL now owns 20,689 shares of the company’s stock valued at $1,001,000 after purchasing an additional 762 shares during the period. LPL Financial LLC lifted its position in Invesco S&P SmallCap Energy ETF by 55.0% during the fourth quarter. LPL Financial LLC now owns 19,562 shares of the company’s stock valued at $947,000 after purchasing an additional 6,941 shares during the period. Finally, JBR Co Financial Management Inc lifted its position in Invesco S&P SmallCap Energy ETF by 3.2% during the fourth quarter. JBR Co Financial Management Inc now owns 10,871 shares of the company’s stock valued at $526,000 after purchasing an additional 339 shares during the period.

Invesco S&P SmallCap Energy ETF Stock Up 1.9%

Shares of Invesco S&P SmallCap Energy ETF stock opened at $39.80 on Wednesday. The company has a market cap of $61.69 million, a price-to-earnings ratio of 8.16 and a beta of 1.95. The company’s 50 day moving average is $36.18 and its 200 day moving average is $43.16. Invesco S&P SmallCap Energy ETF has a twelve month low of $30.94 and a twelve month high of $57.38.

Invesco S&P SmallCap Energy ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.2427 per share. This is an increase from Invesco S&P SmallCap Energy ETF’s previous dividend of $0.17. The ex-dividend date of this dividend was Monday, March 24th.

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.