RiverFront Investment Group LLC Has $16.43 Million Position in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI)

RiverFront Investment Group LLC boosted its stake in shares of Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) by 10.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,872 shares of the company’s stock after purchasing an additional 13,118 shares during the quarter. RiverFront Investment Group LLC owned about 9.19% of Invesco S&P SmallCap Industrials ETF worth $16,433,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Private Advisor Group LLC raised its holdings in Invesco S&P SmallCap Industrials ETF by 112.2% in the 1st quarter. Private Advisor Group LLC now owns 21,973 shares of the company’s stock worth $2,788,000 after acquiring an additional 11,616 shares during the period. US Bancorp DE grew its position in shares of Invesco S&P SmallCap Industrials ETF by 400.5% in the first quarter. US Bancorp DE now owns 10,086 shares of the company’s stock valued at $1,280,000 after purchasing an additional 8,071 shares during the last quarter. Envestnet Asset Management Inc. increased its stake 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 worth $22,694,000 after purchasing an additional 4,421 shares during the period. Raymond James & Associates lifted its position in shares of Invesco S&P SmallCap Industrials ETF by 3.2% during the 2nd quarter. Raymond James & Associates now owns 73,759 shares of the company’s stock worth $8,856,000 after purchasing an additional 2,280 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC bought a new stake in Invesco S&P SmallCap Industrials ETF during the 1st quarter valued at approximately $280,000.

Invesco S&P SmallCap Industrials ETF Stock Down 1.2 %

PSCI opened at $130.77 on Wednesday. The stock’s 50 day moving average price is $127.01 and its two-hundred day moving average price is $124.10. The firm has a market capitalization of $194.85 million, a P/E ratio of 18.19 and a beta of 1.24. Invesco S&P SmallCap Industrials ETF has a 12-month low of $93.45 and a 12-month high of $136.28.

Invesco S&P SmallCap Industrials ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.318 dividend. This is an increase from Invesco S&P SmallCap Industrials ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, September 23rd. This represents a $1.27 annualized dividend and a dividend yield of 0.97%.

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.