Kessler Investment Group LLC Cuts Position in Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM)

Kessler Investment Group LLC lowered its position in shares of Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) by 33.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 925 shares of the company’s stock after selling 463 shares during the period. Kessler Investment Group LLC owned approximately 0.40% of Invesco S&P SmallCap Materials ETF worth $68,000 as of its most recent SEC filing.

Separately, Gladstone Institutional Advisory LLC raised its stake in shares of Invesco S&P SmallCap Materials ETF by 4.8% during the third quarter. Gladstone Institutional Advisory LLC now owns 3,344 shares of the company’s stock valued at $269,000 after purchasing an additional 152 shares during the period.

Invesco S&P SmallCap Materials ETF Stock Down 1.9 %

PSCM opened at $74.01 on Friday. The firm has a market capitalization of $17.02 million, a P/E ratio of 14.55 and a beta of 1.29. The firm’s 50 day moving average is $75.27 and its 200-day moving average is $77.52. Invesco S&P SmallCap Materials ETF has a 52-week low of $70.41 and a 52-week high of $86.48.

Invesco S&P SmallCap Materials ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.1697 per share. The ex-dividend date was Monday, December 23rd.

Invesco S&P SmallCap Materials ETF Company Profile

PowerShares S&P SmallCap Materials Portfolio (the Fund) is based on the S&P SmallCap 600 Capped Materials Index (Index). The Index is designed to measure the overall performance of common stocks of United States basic materials companies. These companies are principally engaged in the business of producing raw materials, including paper or wood products, chemicals, construction materials, and mining and metals.