Valley National Advisers Inc. Raises Stake in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI)

Valley National Advisers Inc. increased its stake in Invesco S&P SmallCap Industrials ETF (NASDAQ:PSCI) by 28.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,136 shares of the company’s stock after purchasing an additional 690 shares during the quarter. Valley National Advisers Inc. owned 0.21% of Invesco S&P SmallCap Industrials ETF worth $414,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its position in Invesco S&P SmallCap Industrials ETF by 2.4% during 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 in the last quarter. RiverFront Investment Group LLC grew its stake 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 acquiring an additional 13,118 shares during the last quarter. Raymond James & Associates grew its stake in Invesco S&P SmallCap Industrials ETF by 3.2% in the 2nd quarter. Raymond James & Associates now owns 73,759 shares of the company’s stock valued at $8,856,000 after acquiring an additional 2,280 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Invesco S&P SmallCap Industrials ETF by 1.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 23,839 shares of the company’s stock valued at $3,024,000 after acquiring an additional 332 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in Invesco S&P SmallCap Industrials ETF by 112.2% during the first 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 last quarter.

Invesco S&P SmallCap Industrials ETF Price Performance

Shares of NASDAQ PSCI opened at $131.10 on Monday. The firm’s 50-day moving average is $128.83 and its two-hundred day moving average is $125.09. The company has a market capitalization of $196.65 million, a PE 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 announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.318 dividend. The ex-dividend date was Monday, September 23rd. This represents a $1.27 dividend on an annualized basis and a yield of 0.97%. This is a positive change from Invesco S&P SmallCap Industrials ETF’s previous quarterly dividend of $0.14.

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.