Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) Shares Gap Down – What’s Next?

Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $83.38, but opened at $80.27. Invesco S&P SmallCap Information Technology ETF shares last traded at $80.14, with a volume of 2,430 shares changing hands.

Invesco S&P SmallCap Information Technology ETF Trading Down 0.6%

The stock has a 50 day simple moving average of $83.10 and a 200-day simple moving average of $73.71. The firm has a market cap of $496.56 million, a P/E ratio of 23.78 and a beta of 1.33.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ocean Park Asset Management LLC acquired a new position in shares of Invesco S&P SmallCap Information Technology ETF in the second quarter valued at about $243,000. Fulcrum Equity Management grew its holdings in Invesco S&P SmallCap Information Technology ETF by 30.4% during the second quarter. Fulcrum Equity Management now owns 4,706 shares of the company’s stock worth $435,000 after acquiring an additional 1,098 shares during the period. Worth Asset Management LLC purchased a new stake in Invesco S&P SmallCap Information Technology ETF in the 2nd quarter worth approximately $434,000. Sandy Cove Advisors LLC acquired a new stake in shares of Invesco S&P SmallCap Information Technology ETF during the 2nd quarter worth approximately $222,000. Finally, LFG Wealth Partners LLC lifted its stake in shares of Invesco S&P SmallCap Information Technology ETF by 1.8% in the 1st quarter. LFG Wealth Partners LLC now owns 28,059 shares of the company’s stock valued at $1,686,000 after purchasing an additional 490 shares during the period.

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.