Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) Trading Down 2% – Here’s Why

Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT)’s stock price was down 2% during trading on Tuesday . The stock traded as low as $60.89 and last traded at $62.66. Approximately 20,066 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 20,180 shares. The stock had previously closed at $63.92.

Invesco S&P SmallCap Information Technology ETF Price Performance

The stock has a market capitalization of $363.10 million, a P/E ratio of 23.78 and a beta of 1.26. The company has a fifty day moving average of $60.96 and a two-hundred day moving average of $56.74.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PSCT. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco S&P SmallCap Information Technology ETF by 722.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 761,760 shares of the company’s stock worth $43,123,000 after purchasing an additional 669,175 shares in the last quarter. IMC Chicago LLC raised its position in shares of Invesco S&P SmallCap Information Technology ETF by 107.3% during the third quarter. IMC Chicago LLC now owns 11,401 shares of the company’s stock worth $605,000 after purchasing an additional 167,700 shares during the period. Cordoba Advisory Partners LLC acquired a new stake in shares of Invesco S&P SmallCap Information Technology ETF during the fourth quarter worth $3,275,000. Flow Traders U.S. LLC purchased a new stake in shares of Invesco S&P SmallCap Information Technology ETF during the third quarter valued at $1,974,000. Finally, LFG Wealth Partners LLC acquired a new position in shares of Invesco S&P SmallCap Information Technology ETF in the 4th quarter valued at $1,561,000.

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.