Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) Shares Up 4.4% – Time to Buy?

Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) shares traded up 4.4% on Monday. The stock traded as high as $77.20 and last traded at $76.75. Approximately 41,832 shares were traded during mid-day trading, an increase of 19% from the average daily volume of 35,297 shares. The stock had previously closed at $73.51.

Invesco S&P SmallCap Information Technology ETF Price Performance

The stock has a market cap of $479.32 million, a price-to-earnings ratio of 27.27 and a beta of 1.36. The firm’s fifty day moving average price is $78.91 and its two-hundred day moving average price is $74.91.

Invesco S&P SmallCap Information Technology ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a $0.0035 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Monday, September 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PSCT. Asset Allocation Strategies LLC grew its stake in Invesco S&P SmallCap Information Technology ETF by 197.7% in the second quarter. Asset Allocation Strategies LLC now owns 309,203 shares of the company’s stock valued at $28,573,000 after acquiring an additional 205,326 shares during the period. Cetera Investment Advisers raised its position in shares of Invesco S&P SmallCap Information Technology ETF by 232.1% during the first quarter. Cetera Investment Advisers now owns 124,215 shares of the company’s stock worth $7,462,000 after purchasing an additional 86,813 shares during the period. Congress Asset Management Co. acquired a new position in shares of Invesco S&P SmallCap Information Technology ETF during the third quarter worth approximately $5,560,000. Syon Capital LLC bought a new position in shares of Invesco S&P SmallCap Information Technology ETF in the 2nd quarter worth $4,174,000. Finally, LFG Wealth Partners LLC lifted its holdings in shares of Invesco S&P SmallCap Information Technology ETF by 1.8% in the 1st quarter. LFG Wealth Partners LLC now owns 28,059 shares of the company’s stock worth $1,686,000 after purchasing an additional 490 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.