Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) Sees Strong Trading Volume – Time to Buy?

Shares of Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) saw unusually-strong trading volume on Wednesday . Approximately 23,323 shares were traded during mid-day trading, a decline of 15% from the previous session’s volume of 27,476 shares.The stock last traded at $85.66 and had previously closed at $86.93.

Invesco S&P SmallCap Information Technology ETF Trading Down 0.4%

The stock has a market cap of $521.03 million, a P/E ratio of 23.78 and a beta of 1.31. The company’s fifty day simple moving average is $69.90 and its 200-day simple moving average is $63.21.

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

Several institutional investors and hedge funds have recently bought and sold shares of PSCT. Founders Financial Alliance LLC bought a new stake in Invesco S&P SmallCap Information Technology ETF in the 3rd quarter valued at $26,000. Advisory Services Network LLC acquired a new stake in shares of Invesco S&P SmallCap Information Technology ETF in the 3rd quarter valued at $32,000. Farther Finance Advisors LLC boosted its stake in shares of Invesco S&P SmallCap Information Technology ETF by 37.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,195 shares of the company’s stock valued at $68,000 after purchasing an additional 325 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Invesco S&P SmallCap Information Technology ETF in the 4th quarter valued at $150,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Invesco S&P SmallCap Information Technology ETF by 12.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,880 shares of the company’s stock valued at $202,000 after purchasing an additional 418 shares in the last quarter.

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.