Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) Sees Large Volume Increase – What’s Next?

Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) saw unusually-high trading volume on Tuesday . Approximately 36,113 shares were traded during trading, an increase of 21% from the previous session’s volume of 29,748 shares.The stock last traded at $80.80 and had previously closed at $84.76.

Invesco S&P SmallCap Information Technology ETF Stock Performance

The stock has a 50 day moving average of $82.53 and a two-hundred day moving average of $68.97. The stock has a market cap of $518.36 million, a PE ratio of 23.78 and a beta of 1.32.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PSCT. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco S&P SmallCap Information Technology ETF by 9.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 101,328 shares of the company’s stock worth $5,736,000 after purchasing an additional 8,743 shares during the period. Columbus Macro LLC acquired a new stake in Invesco S&P SmallCap Information Technology ETF during the 1st quarter valued at $1,266,000. First Growth Capital LLC acquired a new stake in Invesco S&P SmallCap Information Technology ETF during the 4th quarter valued at $538,000. Asset Allocation Strategies LLC purchased a new stake in shares of Invesco S&P SmallCap Information Technology ETF in the first quarter valued at $6,240,000. Finally, LFG Wealth Partners LLC purchased a new stake in shares of Invesco S&P SmallCap Information Technology ETF in the fourth quarter valued at $1,561,000.

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.