Richardson Capital Management LLC Buys Shares of 1,917 Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH)

Richardson Capital Management LLC purchased a new position in shares of Invesco S&P SmallCap Health Care ETF (NASDAQ:PSCH) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,917 shares of the company’s stock, valued at approximately $84,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its position in shares of Invesco S&P SmallCap Health Care ETF by 62.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 11,756 shares of the company’s stock valued at $441,000 after buying an additional 4,520 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its position in shares of Invesco S&P SmallCap Health Care ETF by 200.0% during the third quarter. Riggs Asset Managment Co. Inc. now owns 1,140 shares of the company’s stock worth $43,000 after purchasing an additional 760 shares during the period. Register Financial Advisors LLC acquired a new position in shares of Invesco S&P SmallCap Health Care ETF during the fourth quarter valued at about $87,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of Invesco S&P SmallCap Health Care ETF by 4.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 20,425 shares of the company’s stock worth $874,000 after purchasing an additional 778 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in Invesco S&P SmallCap Health Care ETF during the 4th quarter valued at $38,000.

Invesco S&P SmallCap Health Care ETF Stock Performance

NASDAQ:PSCH traded up $0.45 on Friday, hitting $42.60. The stock had a trading volume of 8,953 shares, compared to its average volume of 18,648. Invesco S&P SmallCap Health Care ETF has a 1 year low of $34.71 and a 1 year high of $45.29. The firm’s fifty day simple moving average is $42.45 and its two-hundred day simple moving average is $42.32. The stock has a market cap of $213.43 million, a P/E ratio of 5.83 and a beta of 1.00.

Invesco S&P SmallCap Health Care ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a dividend of $0.0659 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.62%. This is an increase from Invesco S&P SmallCap Health Care ETF’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, June 24th.

Invesco S&P SmallCap Health Care ETF Profile

PowerShares S&P SmallCap Health Care 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 HealthCare Index (the Underlying Index). The Underlying Index consists of common stocks of the United States healthcare companies.