Meridian Investment Counsel Inc. Invests $209,000 in Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD)

Meridian Investment Counsel Inc. purchased a new stake in Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,882 shares of the company’s stock, valued at approximately $209,000. Meridian Investment Counsel Inc. owned about 0.78% of Invesco S&P SmallCap Consumer Discretionary ETF at the end of the most recent quarter.

Separately, Virtu Financial LLC lifted its stake in shares of Invesco S&P SmallCap Consumer Discretionary ETF by 45.1% during the 2nd quarter. Virtu Financial LLC now owns 22,149 shares of the company’s stock worth $2,231,000 after acquiring an additional 6,889 shares during the last quarter.

Invesco S&P SmallCap Consumer Discretionary ETF Stock Down 0.8 %

PSCD stock opened at $110.49 on Friday. Invesco S&P SmallCap Consumer Discretionary ETF has a twelve month low of $87.81 and a twelve month high of $114.00. The firm has a market cap of $26.52 million, a price-to-earnings ratio of 11.83 and a beta of 1.42. The business’s fifty day simple moving average is $108.20 and its two-hundred day simple moving average is $105.36.

Invesco S&P SmallCap Consumer Discretionary ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.465 per share. The ex-dividend date was Monday, September 23rd. This represents a $1.86 annualized dividend and a dividend yield of 1.68%. This is a positive change from Invesco S&P SmallCap Consumer Discretionary ETF’s previous quarterly dividend of $0.33.

Invesco S&P SmallCap Consumer Discretionary ETF Profile

PowerShares S&P SmallCap Consumer Discretionary 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 Consumer Discretionary Index (the Underlying Index). The Underlying Index consists of common stocks of the United States consumer discretionary companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including, but not limited to, household durables, leisure products and services, computers and electronics, automobiles and auto components, hotel and restaurant services, and television and other entertainment goods and services.