Raymond James & Associates Reduces Stake in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI)

Raymond James & Associates lessened its stake in shares of Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 72,894 shares of the company’s stock after selling 865 shares during the period. Raymond James & Associates owned 4.86% of Invesco S&P SmallCap Industrials ETF worth $9,644,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RiverFront Investment Group LLC boosted its holdings in Invesco S&P SmallCap Industrials ETF by 10.6% in the 2nd quarter. RiverFront Investment Group LLC now owns 136,872 shares of the company’s stock valued at $16,433,000 after purchasing an additional 13,118 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Invesco S&P SmallCap Industrials ETF by 112.2% in the first quarter. Private Advisor Group LLC now owns 21,973 shares of the company’s stock valued at $2,788,000 after acquiring an additional 11,616 shares during the last quarter. US Bancorp DE increased its stake in Invesco S&P SmallCap Industrials ETF by 400.5% during the first quarter. US Bancorp DE now owns 10,086 shares of the company’s stock worth $1,280,000 after acquiring an additional 8,071 shares during the last quarter. Envestnet Asset Management Inc. raised its position in 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 purchasing an additional 4,421 shares during the period. Finally, Koshinski Asset Management Inc. acquired a new position in shares of Invesco S&P SmallCap Industrials ETF in the 3rd quarter valued at $342,000.

Invesco S&P SmallCap Industrials ETF Trading Down 1.0 %

Shares of NASDAQ:PSCI opened at $131.57 on Wednesday. The company has a market capitalization of $196.04 million, a price-to-earnings ratio of 18.19 and a beta of 1.24. Invesco S&P SmallCap Industrials ETF has a 12-month low of $93.83 and a 12-month high of $136.28. The business has a 50-day moving average price of $128.95 and a 200 day moving average price of $125.16.

Invesco S&P SmallCap Industrials ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.318 per share. The ex-dividend date was Monday, September 23rd. This is a boost from Invesco S&P SmallCap Industrials ETF’s previous quarterly dividend of $0.14. This represents a $1.27 dividend on an annualized basis 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.