Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) Sees Large Volume Increase – Here’s Why

Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) saw unusually-strong trading volume on Thursday. 106,138 shares were traded 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 Up 0.8%

The firm has a 50-day simple moving average of $79.50 and a two-hundred day simple moving average of $76.86. The company has a market capitalization of $541.83 million, a price-to-earnings ratio of 23.78 and a beta of 1.32.

Invesco S&P SmallCap Information Technology ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were issued a dividend of $0.0035 per share. This represents a $0.01 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Monday, September 21st.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PSCT. Sandy Cove Advisors LLC purchased a new stake in Invesco S&P SmallCap Information Technology ETF in the 2nd quarter worth approximately $222,000. Ocean Park Asset Management LLC acquired a new position in shares of Invesco S&P SmallCap Information Technology ETF in the 2nd quarter valued at $243,000. Arkadios Wealth Advisors acquired a new position in shares of Invesco S&P SmallCap Information Technology ETF in the 1st quarter valued at $259,000. Fifth Third Bancorp purchased a new stake in Invesco S&P SmallCap Information Technology ETF during the first quarter worth $339,000. Finally, Carlson Financial Inc. boosted its holdings in Invesco S&P SmallCap Information Technology ETF by 25.8% during the second quarter. Carlson Financial Inc. now owns 4,673 shares of the company’s stock worth $432,000 after buying an additional 958 shares in the last quarter.

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.