Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) Trading Up 0% – What’s Next?

Shares of Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) shot up 0% during mid-day trading on Tuesday . The stock traded as high as $63.88 and last traded at $62.8770. 8,971 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 21,392 shares. The stock had previously closed at $62.87.

Invesco S&P SmallCap Information Technology ETF Price Performance

The business has a 50-day moving average of $59.70 and a 200 day moving average of $54.98. The company has a market capitalization of $375.38 million, a PE ratio of 23.78 and a beta of 1.26.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PSCT. Northwestern Mutual Wealth Management Co. increased its position in Invesco S&P SmallCap Information Technology ETF by 722.8% in 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 during the last quarter. Bank of America Corp DE lifted its position in 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 valued at $16,238,000 after purchasing an additional 8,908 shares during the last quarter. Texas Yale Capital Corp. grew 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 worth $5,501,000 after buying an additional 4,174 shares in the last quarter. UBS Group AG increased its holdings in shares of Invesco S&P SmallCap Information Technology ETF by 6.8% in the 4th quarter. UBS Group AG now owns 59,125 shares of the company’s stock worth $3,347,000 after buying an additional 3,764 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of Invesco S&P SmallCap Information Technology ETF in the 3rd quarter worth about $1,974,000.

About Invesco S&P SmallCap Information Technology ETF

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.