Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) Sets New 1-Year High – Still a Buy?

Shares of Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) hit a new 52-week high on Friday . The company 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 3.2%

The stock has a market cap of $500.86 million, a price-to-earnings ratio of 23.78 and a beta of 1.31. The business’s fifty day moving average is $68.87 and its two-hundred day moving average is $62.79.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Compass Capital Corp MA ADV grew its holdings in shares of Invesco S&P SmallCap Information Technology ETF by 2.8% in the third quarter. Compass Capital Corp MA ADV now owns 6,594 shares of the company’s stock valued at $350,000 after purchasing an additional 177 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in shares of Invesco S&P SmallCap Information Technology ETF by 2.3% in the fourth quarter. Apollon Wealth Management LLC now owns 10,949 shares of the company’s stock valued at $620,000 after purchasing an additional 244 shares in the last quarter. Mariner LLC grew its holdings in shares of Invesco S&P SmallCap Information Technology ETF by 1.2% in the fourth quarter. Mariner LLC now owns 21,567 shares of the company’s stock valued at $1,221,000 after purchasing an additional 266 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Invesco S&P SmallCap Information Technology ETF by 3.2% in the second quarter. Osaic Holdings Inc. now owns 8,981 shares of the company’s stock valued at $415,000 after purchasing an additional 281 shares in the last quarter. Finally, Eagle Strategies LLC grew its holdings in shares of Invesco S&P SmallCap Information Technology ETF by 3.5% in the fourth quarter. Eagle Strategies LLC now owns 9,428 shares of the company’s stock valued at $534,000 after purchasing an additional 321 shares in 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.