Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) Sets New 12-Month High – Still a Buy?

Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCTGet Free Report) shares reached a new 52-week high during trading 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 Performance

The stock’s 50-day moving average is $77.21 and its 200 day moving average is $66.20. The firm has a market cap of $515.79 million, a P/E ratio of 23.78 and a beta of 1.34.

Institutional Trading of Invesco S&P SmallCap Information Technology ETF

Large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its stake in Invesco S&P SmallCap Information Technology ETF by 9.4% during 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 in the last quarter. LFG Wealth Partners LLC bought a new stake in Invesco S&P SmallCap Information Technology ETF during the 4th quarter worth approximately $1,561,000. Parr Mcknight Wealth Management Group LLC bought a new stake in Invesco S&P SmallCap Information Technology ETF during the 1st quarter worth approximately $1,359,000. First Growth Capital LLC increased its stake in Invesco S&P SmallCap Information Technology ETF by 5.5% during the 1st quarter. First Growth Capital LLC now owns 10,038 shares of the company’s stock worth $611,000 after purchasing an additional 527 shares in the last quarter. Finally, Narus Financial Partners LLC increased its stake in Invesco S&P SmallCap Information Technology ETF by 1.9% during the 1st quarter. Narus Financial Partners LLC now owns 61,860 shares of the company’s stock worth $3,716,000 after purchasing an additional 1,168 shares in the last quarter.

Invesco S&P SmallCap Information Technology ETF Company Profile

(Get Free Report)

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.

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