Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) Sets New 12-Month High – What’s Next?

Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $88.06 and last traded at $86.56, with a volume of 73941 shares traded. The stock had previously closed at $86.93.

Invesco S&P SmallCap Information Technology ETF Stock Performance

The company has a market cap of $521.09 million, a PE ratio of 23.78 and a beta of 1.31. The stock’s 50-day simple moving average is $70.43 and its 200 day simple moving average is $63.41.

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

A number of institutional investors and hedge funds have recently made changes to their positions in PSCT. Founders Financial Alliance LLC acquired a new position in shares of Invesco S&P SmallCap Information Technology ETF during the 3rd quarter worth $26,000. Advisory Services Network LLC acquired a new position in shares of Invesco S&P SmallCap Information Technology ETF during the 3rd quarter worth $32,000. Farther Finance Advisors LLC grew its stake in shares of Invesco S&P SmallCap Information Technology ETF by 37.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,195 shares of the company’s stock worth $68,000 after purchasing an additional 325 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Invesco S&P SmallCap Information Technology ETF during the 4th quarter worth $150,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Invesco S&P SmallCap Information Technology ETF by 12.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,880 shares of the company’s stock worth $202,000 after purchasing an additional 418 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.