Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT – Get Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $83.38, but opened at $80.27. Invesco S&P SmallCap Information Technology ETF shares last traded at $80.14, with a volume of 2,430 shares.
Invesco S&P SmallCap Information Technology ETF Stock Performance
The company’s 50-day simple moving average is $83.10 and its 200 day simple moving average is $73.71. The company has a market cap of $496.56 million, a PE ratio of 23.78 and a beta of 1.33.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Ocean Park Asset Management LLC purchased a new stake in Invesco S&P SmallCap Information Technology ETF in the 2nd quarter valued at approximately $243,000. Fulcrum Equity Management raised its stake in Invesco S&P SmallCap Information Technology ETF by 30.4% in the 2nd quarter. Fulcrum Equity Management now owns 4,706 shares of the company’s stock valued at $435,000 after purchasing an additional 1,098 shares during the last quarter. Worth Asset Management LLC purchased a new position in Invesco S&P SmallCap Information Technology ETF in the 2nd quarter valued at about $434,000. Sandy Cove Advisors LLC acquired a new stake in shares of Invesco S&P SmallCap Information Technology ETF during the 2nd quarter worth about $222,000. Finally, LFG Wealth Partners LLC boosted its stake in shares of Invesco S&P SmallCap Information Technology ETF by 1.8% during the 1st quarter. LFG Wealth Partners LLC now owns 28,059 shares of the company’s stock worth $1,686,000 after purchasing an additional 490 shares during the last quarter.
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.
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