Independent Wealth Network Inc. Makes New $835,000 Investment in Invesco S&P SmallCap Information Technology ETF $PSCT

Independent Wealth Network Inc. acquired a new stake in shares of Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) during the third quarter, HoldingsChannel reports. The institutional investor acquired 10,329 shares of the company’s stock, valued at approximately $835,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Syon Capital LLC acquired a new position in Invesco S&P SmallCap Information Technology ETF in the 2nd quarter valued at $4,174,000. Asset Allocation Strategies LLC boosted its holdings in shares of Invesco S&P SmallCap Information Technology ETF by 197.7% during the second quarter. Asset Allocation Strategies LLC now owns 309,203 shares of the company’s stock worth $28,573,000 after purchasing an additional 205,326 shares during the last quarter. Columbus Macro LLC acquired a new stake in shares of Invesco S&P SmallCap Information Technology ETF during the first quarter worth $1,266,000. Cetera Investment Advisers boosted its stake in Invesco S&P SmallCap Information Technology ETF by 232.1% in the 1st quarter. Cetera Investment Advisers now owns 124,215 shares of the company’s stock worth $7,462,000 after buying an additional 86,813 shares during the last quarter. Finally, Parr Mcknight Wealth Management Group LLC purchased a new stake in Invesco S&P SmallCap Information Technology ETF in the 1st quarter valued at about $1,359,000.

Invesco S&P SmallCap Information Technology ETF Price Performance

PSCT stock traded up $1.81 on Monday, hitting $76.94. 15,653 shares of the company were exchanged, compared to its average volume of 35,785. The stock has a market capitalization of $505.50 million, a price-to-earnings ratio of 23.78 and a beta of 1.32. Invesco S&P SmallCap Information Technology ETF has a twelve month low of $51.14 and a twelve month high of $92.45. The business’s fifty day moving average is $79.63 and its two-hundred day moving average is $79.14.

Invesco S&P SmallCap Information Technology ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a dividend of $0.0035 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Monday, September 21st.

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.