Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) Shares Down 2.2% – Here’s What Happened

Shares of Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) traded down 2.2% during mid-day trading on Tuesday . The company traded as low as $60.38 and last traded at $60.71. 33,042 shares changed hands during mid-day trading, an increase of 41% from the average session volume of 23,403 shares. The stock had previously closed at $62.05.

Invesco S&P SmallCap Information Technology ETF Stock Performance

The firm has a market capitalization of $344.83 million, a price-to-earnings ratio of 23.78 and a beta of 1.26. The firm’s 50-day moving average price is $58.08 and its two-hundred day moving average price is $53.46.

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

Several large investors have recently modified their holdings of the stock. Icon Advisers Inc. Co. acquired a new stake in shares of Invesco S&P SmallCap Information Technology ETF in the 2nd quarter valued at $832,000. McGuire Investment Group LLC increased its position in shares of Invesco S&P SmallCap Information Technology ETF by 1.7% during the 2nd quarter. McGuire Investment Group LLC now owns 12,826 shares of the company’s stock worth $593,000 after purchasing an additional 219 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in Invesco S&P SmallCap Information Technology ETF during the 2nd quarter valued at about $30,000. Eagle Strategies LLC boosted its position in Invesco S&P SmallCap Information Technology ETF by 6.5% in the second quarter. Eagle Strategies LLC now owns 7,735 shares of the company’s stock valued at $358,000 after buying an additional 472 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC acquired a new position in Invesco S&P SmallCap Information Technology ETF in the second quarter valued at about $314,000.

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.