Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) Sets New 12-Month High – What’s Next?

Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT)’s stock price reached a new 52-week high on Thursday . The company traded as high as $88.06 and last traded at $86.56, with a volume of 73941 shares traded. The stock had previously closed at $86.93.

Invesco S&P SmallCap Information Technology ETF Trading Down 0.4%

The firm has a market capitalization of $521.09 million, a price-to-earnings ratio of 23.78 and a beta of 1.31. The stock’s 50 day moving average price is $70.43 and its two-hundred day moving average price is $63.41.

Hedge Funds Weigh In On Invesco S&P SmallCap Information Technology ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PSCT. Founders Financial Alliance LLC acquired a new stake in Invesco S&P SmallCap Information Technology ETF in the 3rd quarter valued at about $26,000. Advisory Services Network LLC acquired a new stake in Invesco S&P SmallCap Information Technology ETF in the 3rd quarter valued at about $32,000. Farther Finance Advisors LLC grew its stake in Invesco S&P SmallCap Information Technology ETF by 37.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,195 shares of the company’s stock valued at $68,000 after acquiring an additional 325 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Invesco S&P SmallCap Information Technology ETF in the 4th quarter valued at about $150,000. Finally, Jones Financial Companies Lllp grew its stake in Invesco S&P SmallCap Information Technology ETF by 12.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,880 shares of the company’s stock valued at $202,000 after acquiring an additional 418 shares during the last quarter.

About Invesco S&P SmallCap Information Technology ETF

PowerShares S&P SmallCap Information Technology 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 Information Technology Index (the Index). The Index consists of common stocks of the United States information technology companies. These are companies that are principally engaged in the business of providing information technology-related products and services, including computer hardware and software, Internet, electronics and semiconductors, and communication technologies.