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

Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $89.49 and last traded at $89.28, with a volume of 7659 shares traded. The stock had previously closed at $88.65.

Invesco S&P SmallCap Information Technology ETF Stock Performance

The stock has a 50-day simple moving average of $80.97 and a 200 day simple moving average of $67.99. The stock has a market capitalization of $546.01 million, a P/E ratio of 23.78 and a beta of 1.34.

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

Several hedge funds have recently added to or reduced their stakes in the company. Apollon Wealth Management LLC boosted its position in shares of Invesco S&P SmallCap Information Technology ETF by 2.3% in the 4th quarter. Apollon Wealth Management LLC now owns 10,949 shares of the company’s stock worth $620,000 after purchasing an additional 244 shares during the last quarter. Mariner LLC increased its holdings in Invesco S&P SmallCap Information Technology ETF by 1.2% in the fourth quarter. Mariner LLC now owns 21,567 shares of the company’s stock valued at $1,221,000 after purchasing an additional 266 shares during the last quarter. Osaic Holdings Inc. lifted its stake in Invesco S&P SmallCap Information Technology ETF by 3.2% in the second quarter. Osaic Holdings Inc. now owns 8,981 shares of the company’s stock valued at $415,000 after buying an additional 281 shares during the period. Eagle Strategies LLC lifted its stake in Invesco S&P SmallCap Information Technology ETF by 3.5% in the fourth quarter. Eagle Strategies LLC now owns 9,428 shares of the company’s stock valued at $534,000 after buying an additional 321 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Invesco S&P SmallCap Information Technology ETF by 37.4% during the fourth quarter. Farther Finance Advisors LLC now owns 1,195 shares of the company’s stock worth $68,000 after buying an additional 325 shares during the last quarter.

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.