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

Shares of Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) saw unusually-high trading volume on Thursday . 106,138 shares changed hands during mid-day trading, an increase of 216% from the previous session’s volume of 33,545 shares.The stock last traded at $80.4750 and had previously closed at $81.01.

Invesco S&P SmallCap Information Technology ETF Trading Down 1.1%

The stock has a market cap of $537.54 million, a P/E ratio of 23.78 and a beta of 1.32. The firm’s fifty day moving average is $79.46 and its 200 day moving average is $76.68.

Invesco S&P SmallCap Information Technology ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 21st will be given a $0.0035 dividend. The ex-dividend date is Monday, September 21st. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.0%.

Institutional Trading of Invesco S&P SmallCap Information Technology ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSCT. Asset Allocation Strategies LLC lifted its position in shares of Invesco S&P SmallCap Information Technology ETF by 197.7% during the 2nd quarter. Asset Allocation Strategies LLC now owns 309,203 shares of the company’s stock worth $28,573,000 after buying an additional 205,326 shares during the period. Cetera Investment Advisers raised its stake in 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 acquiring an additional 86,813 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Invesco S&P SmallCap Information Technology ETF by 9.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 101,328 shares of the company’s stock worth $5,736,000 after acquiring an additional 8,743 shares in the last quarter. Texas Yale Capital Corp. boosted its stake in shares of Invesco S&P SmallCap Information Technology ETF by 4.5% in the 4th quarter. Texas Yale Capital Corp. now owns 97,185 shares of the company’s stock valued at $5,501,000 after purchasing an additional 4,174 shares in the last quarter. Finally, Syon Capital LLC bought a new stake in shares of Invesco S&P SmallCap Information Technology ETF in the 2nd quarter worth about $4,174,000.

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.