Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) Reaches New 52-Week High – Time to Buy?

Shares of Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) reached a new 52-week high on Monday . The company traded as high as $88.50 and last traded at $88.50, with a volume of 152 shares trading hands. The stock had previously closed at $86.62.

Invesco S&P SmallCap Information Technology ETF Stock Up 1.5%

The stock has a 50 day simple moving average of $76.19 and a two-hundred day simple moving average of $65.77. The stock has a market capitalization of $529.40 million, a P/E ratio of 23.78 and a beta of 1.34.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Founders Financial Alliance LLC bought a new position in Invesco S&P SmallCap Information Technology ETF in the third quarter valued at approximately $26,000. Advisory Services Network LLC bought a new position in shares of Invesco S&P SmallCap Information Technology ETF during the 3rd quarter worth approximately $32,000. Farther Finance Advisors LLC boosted 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 acquiring an additional 325 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Invesco S&P SmallCap Information Technology ETF during the 4th quarter worth approximately $150,000. Finally, PFG Investments LLC bought a new position in shares of Invesco S&P SmallCap Information Technology ETF during the 4th quarter worth approximately $204,000.

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.