Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) Sets New 52-Week High – What’s Next?

Shares of Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) hit a new 52-week high during trading on Tuesday . The stock traded as high as $89.49 and last traded at $89.28, with a volume of 7659 shares. The stock had previously closed at $88.65.

Invesco S&P SmallCap Information Technology ETF Price Performance

The company has a market capitalization of $546.01 million, a price-to-earnings ratio of 23.78 and a beta of 1.34. The stock has a 50 day moving average price of $80.97 and a two-hundred day moving average price of $67.99.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSCT. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco S&P SmallCap Information Technology ETF by 722.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 761,760 shares of the company’s stock worth $43,123,000 after purchasing an additional 669,175 shares in the last quarter. Asset Allocation Strategies LLC acquired a new stake in shares of Invesco S&P SmallCap Information Technology ETF in the first quarter valued at approximately $6,240,000. Cetera Investment Advisers increased its holdings in shares of Invesco S&P SmallCap Information Technology ETF by 232.1% in the first quarter. Cetera Investment Advisers now owns 124,215 shares of the company’s stock valued at $7,462,000 after purchasing an additional 86,813 shares in the last quarter. Cordoba Advisory Partners LLC acquired a new stake in shares of Invesco S&P SmallCap Information Technology ETF in the fourth quarter valued at approximately $3,275,000. Finally, Flow Traders U.S. LLC bought a new position in Invesco S&P SmallCap Information Technology ETF in the 3rd quarter worth approximately $1,974,000.

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.