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

Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) hit a new 52-week high during trading on Monday . The stock traded as high as $88.50 and last traded at $88.50, with a volume of 152 shares. The stock had previously closed at $86.62.

Invesco S&P SmallCap Information Technology ETF Trading Up 1.5%

The company has a 50 day moving average price of $76.19 and a 200 day moving average price of $65.77. The company has a market capitalization of $529.40 million, a P/E ratio of 23.78 and a beta of 1.34.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PSCT. Royal Bank of Canada boosted its stake in shares of Invesco S&P SmallCap Information Technology ETF by 29.6% during the 1st quarter. Royal Bank of Canada now owns 24,324 shares of the company’s stock worth $975,000 after acquiring an additional 5,552 shares during the period. Jones Financial Companies Lllp boosted its stake in Invesco S&P SmallCap Information Technology ETF by 783.8% in the 1st quarter. Jones Financial Companies Lllp now owns 13,558 shares of the company’s stock valued at $543,000 after purchasing an additional 12,024 shares during the period. MGB Wealth Management LLC boosted its stake in Invesco S&P SmallCap Information Technology ETF by 4.5% in the 2nd quarter. MGB Wealth Management LLC now owns 11,602 shares of the company’s stock valued at $536,000 after purchasing an additional 500 shares during the period. Corient Private Wealth LLC bought a new stake in Invesco S&P SmallCap Information Technology ETF in the 2nd quarter valued at $208,000. Finally, Osaic Holdings Inc. boosted its stake in Invesco S&P SmallCap Information Technology ETF by 3.2% in the 2nd quarter. Osaic Holdings Inc. now owns 8,981 shares of the company’s stock valued at $415,000 after purchasing an additional 281 shares during the period.

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.