Narus Financial Partners LLC Decreases Stake in Invesco S&P SmallCap Information Technology ETF $PSCT

Narus Financial Partners LLC lessened its stake in Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) by 29.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 67,988 shares of the company’s stock after selling 28,987 shares during the quarter. Invesco S&P SmallCap Information Technology ETF accounts for approximately 1.0% of Narus Financial Partners LLC’s portfolio, making the stock its 12th biggest position. Narus Financial Partners LLC owned approximately 1.18% of Invesco S&P SmallCap Information Technology ETF worth $3,144,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PSCT. Greykasell Wealth Strategies Inc. purchased a new position in shares of Invesco S&P SmallCap Information Technology ETF in the 1st quarter valued at about $58,000. Harbour Capital Advisors LLC purchased a new position in shares of Invesco S&P SmallCap Information Technology ETF in the 2nd quarter valued at about $203,000. Comerica Bank boosted its stake in shares of Invesco S&P SmallCap Information Technology ETF by 138.4% in the 1st quarter. Comerica Bank now owns 5,685 shares of the company’s stock valued at $228,000 after buying an additional 3,300 shares during the period. Chicago Partners Investment Group LLC purchased a new position in shares of Invesco S&P SmallCap Information Technology ETF in the 1st quarter valued at about $247,000. Finally, Cetera Investment Advisers purchased a new position in shares of Invesco S&P SmallCap Information Technology ETF in the 1st quarter valued at about $265,000.

Invesco S&P SmallCap Information Technology ETF Stock Performance

Shares of PSCT opened at $52.93 on Monday. The stock has a 50-day simple moving average of $47.76 and a 200-day simple moving average of $44.03. The stock has a market capitalization of $300.11 million, a PE ratio of 23.78 and a beta of 1.22. Invesco S&P SmallCap Information Technology ETF has a 1 year low of $33.16 and a 1 year high of $53.43.

Invesco S&P SmallCap Information Technology ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Monday, September 22nd will be given a dividend of $0.0039 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Monday, September 22nd.

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.