Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) Sees Large Volume Increase – Time to Buy?

Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) shares saw an uptick in trading volume on Thursday . 106,138 shares traded 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 Price Performance

The business has a 50 day simple moving average of $79.46 and a 200 day simple moving average of $76.68. The company has a market cap of $537.54 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 firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Monday, September 21st will be paid a $0.0035 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Monday, September 21st.

Institutional Investors Weigh In On Invesco S&P SmallCap Information Technology ETF

Institutional investors have recently made changes to their positions in the stock. Asset Allocation Strategies LLC grew 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 boosted its stake in Invesco S&P SmallCap Information Technology ETF by 232.1% during the 1st 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 during the last quarter. Syon Capital LLC acquired a new position in Invesco S&P SmallCap Information Technology ETF during the second quarter valued at approximately $4,174,000. LFG Wealth Partners LLC acquired a new position in Invesco S&P SmallCap Information Technology ETF during the fourth quarter valued at approximately $1,561,000. Finally, Parr Mcknight Wealth Management Group LLC acquired a new position in Invesco S&P SmallCap Information Technology ETF during the first quarter valued at approximately $1,359,000.

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.