Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) Sees Strong Trading Volume – Time to Buy?

Shares of Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) saw an uptick in trading volume on Wednesday . 23,323 shares were traded during mid-day trading, a decline of 15% from the previous session’s volume of 27,476 shares.The stock last traded at $85.66 and had previously closed at $86.93.

Invesco S&P SmallCap Information Technology ETF Trading Down 0.4%

The company has a market capitalization of $521.03 million, a P/E ratio of 23.78 and a beta of 1.31. The business has a 50 day moving average price of $69.90 and a 200 day moving average price of $63.21.

Institutional Trading of Invesco S&P SmallCap Information Technology ETF

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