Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) Shares Up 0.7%

Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM) shot up 0.7% on Wednesday . The company traded as high as $46.20 and last traded at $46.20, 196 shares traded hands during mid-day trading. A decline of 90% from the average session volume of 2,006 shares. The stock had previously closed at $45.87.

The stock’s 50-day moving average price is $45.34 and its 200-day moving average price is $43.89.

A number of large investors have recently made changes to their positions in the business. Pacific Sun Financial Corp bought a new position in shares of Invesco S&P SmallCap Materials ETF in the 2nd quarter valued at about $243,000. Royal Bank of Canada raised its stake in shares of Invesco S&P SmallCap Materials ETF by 88.0% during the second quarter. Royal Bank of Canada now owns 22,260 shares of the company’s stock worth $1,018,000 after buying an additional 10,419 shares during the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of Invesco S&P SmallCap Materials ETF by 376.3% during the second quarter. Citadel Advisors LLC now owns 26,612 shares of the company’s stock worth $1,225,000 after buying an additional 21,025 shares during the last quarter.

About Invesco S&P SmallCap Materials ETF (NASDAQ:PSCM)

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.

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