Raymond James Financial Inc. Makes New $290,000 Investment in Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF)

Raymond James Financial Inc. purchased a new position in shares of Invesco S&P SmallCap Financials ETF (NASDAQ:PSCF) in the 4th quarter, HoldingsChannel reports. The firm purchased 5,235 shares of the company’s stock, valued at approximately $290,000.

Several other hedge funds have also recently added to or reduced their stakes in PSCF. Harbor Capital Advisors Inc. raised its holdings in Invesco S&P SmallCap Financials ETF by 78.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 8,389 shares of the company’s stock worth $464,000 after purchasing an additional 3,690 shares during the last quarter. J2 Capital Management Inc bought a new position in Invesco S&P SmallCap Financials ETF during the 4th quarter worth approximately $257,000. Jones Financial Companies Lllp raised its holdings in Invesco S&P SmallCap Financials ETF by 343.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,021 shares of the company’s stock worth $56,000 after purchasing an additional 791 shares during the last quarter. Atlas Wealth LLC raised its holdings in Invesco S&P SmallCap Financials ETF by 15.5% during the 4th quarter. Atlas Wealth LLC now owns 11,225 shares of the company’s stock worth $621,000 after purchasing an additional 1,505 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in Invesco S&P SmallCap Financials ETF by 13.1% during the 4th quarter. LPL Financial LLC now owns 5,945 shares of the company’s stock worth $329,000 after purchasing an additional 687 shares during the last quarter.

Invesco S&P SmallCap Financials ETF Stock Performance

Invesco S&P SmallCap Financials ETF stock opened at $52.30 on Monday. The firm has a 50 day moving average price of $50.99 and a two-hundred day moving average price of $54.96. The firm has a market cap of $19.87 million, a price-to-earnings ratio of 12.82 and a beta of 1.03. Invesco S&P SmallCap Financials ETF has a 52-week low of $45.14 and a 52-week high of $62.24.

Invesco S&P SmallCap Financials ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.1547 per share. The ex-dividend date was Monday, March 24th.

About Invesco S&P SmallCap Financials ETF

PowerShares S&P SmallCap Financials Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the index called the S&P SmallCap 600 Capped Financials Index (the Underlying Index). The Underlying Index consists of common stocks of the United States financial service companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services.