Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) Hits New 52-Week High – Time to Buy?

Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $89.49 and last traded at $89.28, with a volume of 7659 shares changing hands. The stock had previously closed at $88.65.

Invesco S&P SmallCap Information Technology ETF Price Performance

The company has a fifty day moving average of $81.77 and a 200-day moving average of $68.42. The firm has a market capitalization of $539.99 million, a PE ratio of 23.78 and a beta of 1.34.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PSCT. LFG Wealth Partners LLC increased its position in Invesco S&P SmallCap Information Technology ETF by 1.8% during the first quarter. LFG Wealth Partners LLC now owns 28,059 shares of the company’s stock worth $1,686,000 after buying an additional 490 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of Invesco S&P SmallCap Information Technology ETF in the first quarter worth about $259,000. Cetera Investment Advisers boosted its stake in shares of Invesco S&P SmallCap Information Technology ETF by 232.1% during the 1st quarter. Cetera Investment Advisers now owns 124,215 shares of the company’s stock worth $7,462,000 after acquiring an additional 86,813 shares in the last quarter. First Growth Capital LLC increased its holdings in shares of Invesco S&P SmallCap Information Technology ETF by 5.5% during the 1st quarter. First Growth Capital LLC now owns 10,038 shares of the company’s stock valued at $611,000 after acquiring an additional 527 shares during the last quarter. Finally, Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Invesco S&P SmallCap Information Technology ETF during the 1st quarter valued at about $1,359,000.

Invesco S&P SmallCap Information Technology ETF Company Profile

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.