Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) Trading Higher – Here’s Why

On January 18, 2025, shares of the Invesco S&P SmallCap Consumer Discretionary ETF (NASDAQ:PSCD) experienced a slight increase of 0.2%. The stock reached a high of $110.06 before closing the day at $109.93. During this trading session, approximately 227 shares were exchanged, indicating a significant drop of 68% from the average daily trading volume of 712 shares. The previous closing price for the stock was $109.72.

Price Performance of Invesco S&P SmallCap Consumer Discretionary ETF

The ETF's fifty-day simple moving average stands at $111.96, while its two-hundred-day simple moving average is recorded at $108.05. The fund boasts a market capitalization of $26.38 million, a price-to-earnings (P/E) ratio of 11.83, and a beta of 1.42, indicating a level of volatility compared to the market.

Dividend Distribution Update

Recently, the Invesco S&P SmallCap Consumer Discretionary ETF announced a dividend which was disbursed on December 27th. Shareholders who were on record as of December 23rd received a dividend payment of $0.2715 per share, with the ex-dividend date also coinciding with December 23rd.

Institutional Investment Activity

There has been notable activity in institutional investments regarding the Invesco S&P SmallCap Consumer Discretionary ETF. Meridian Investment Counsel Inc. acquired a new stake in the ETF during the third quarter of the previous financial year. According to recent filings with the Securities and Exchange Commission, they purchased 1,882 shares valued at approximately $209,000, which represents about 0.78% ownership of the ETF by this investor.

Overview of Invesco S&P SmallCap Consumer Discretionary ETF

The Invesco S&P SmallCap Consumer Discretionary ETF seeks to provide investment returns that are closely aligned with the performance of the S&P SmallCap 600 Capped Consumer Discretionary Index. This index includes common stocks of U.S. companies primarily involved in consumer discretionary sectors, which encompass various goods and services that are cyclical in nature. Such sectors include household durables, leisure products and services, electronics, automobiles, hospitality, and entertainment.

Conclusion

In summary, the Invesco S&P SmallCap Consumer Discretionary ETF continues to show modest growth amid a backdrop of significant institutional interest and participation. Investors should consider the ETF's performance metrics as part of their broader investment strategies.

Invesco, ETFs, Consumer