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

Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) shares hit a new 52-week high on Friday . The stock traded as high as $83.17 and last traded at $83.17, with a volume of 25404 shares trading hands. The stock had previously closed at $80.65.

Invesco S&P SmallCap Information Technology ETF Stock Up 3.3%

The company’s 50 day simple moving average is $68.42 and its two-hundred day simple moving average is $62.65. The company has a market capitalization of $501.59 million, a price-to-earnings ratio of 23.78 and a beta of 1.31.

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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its stake 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 buying an additional 669,175 shares during the period. Bank of America Corp DE lifted its stake in shares of Invesco S&P SmallCap Information Technology ETF by 3.0% during the third quarter. Bank of America Corp DE now owns 305,901 shares of the company’s stock worth $16,238,000 after buying an additional 8,908 shares during the period. Cetera Investment Advisers lifted its stake in shares of Invesco S&P SmallCap Information Technology ETF by 232.1% during the first quarter. Cetera Investment Advisers now owns 124,215 shares of the company’s stock worth $7,462,000 after buying an additional 86,813 shares during the period. Asset Allocation Strategies LLC acquired a new stake in shares of Invesco S&P SmallCap Information Technology ETF during the first quarter worth $6,240,000. Finally, Texas Yale Capital Corp. lifted its stake in shares of Invesco S&P SmallCap Information Technology ETF by 4.5% during the fourth quarter. Texas Yale Capital Corp. now owns 97,185 shares of the company’s stock worth $5,501,000 after buying an additional 4,174 shares during the period.

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.