Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) Sets New 52-Week High – Here’s What Happened

Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $83.17 and last traded at $83.17, with a volume of 25404 shares trading hands. The stock had previously closed at $80.65.

Invesco S&P SmallCap Information Technology ETF Stock Up 3.3%

The stock has a market capitalization of $501.59 million, a P/E ratio of 23.78 and a beta of 1.31. The stock’s 50 day moving average price is $68.42 and its 200-day moving average price is $62.65.

Institutional Investors Weigh In On Invesco S&P SmallCap Information Technology ETF

Institutional investors have recently bought and sold shares of the company. Founders Financial Alliance LLC acquired a new stake in Invesco S&P SmallCap Information Technology ETF in the third quarter valued at approximately $26,000. Advisory Services Network LLC acquired a new stake in Invesco S&P SmallCap Information Technology ETF in the third quarter valued at approximately $32,000. Farther Finance Advisors LLC boosted its stake in Invesco S&P SmallCap Information Technology ETF by 37.4% in the fourth 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 in the last quarter. Kestra Advisory Services LLC acquired a new stake in Invesco S&P SmallCap Information Technology ETF in the fourth quarter valued at approximately $150,000. Finally, Jones Financial Companies Lllp boosted its stake in Invesco S&P SmallCap Information Technology ETF by 12.1% in the third 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 in the last quarter.

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.