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

Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) saw unusually-strong trading volume on Tuesday . Approximately 36,113 shares were traded during mid-day trading, an increase of 21% from the previous session’s volume of 29,748 shares.The stock last traded at $80.80 and had previously closed at $84.76.

Invesco S&P SmallCap Information Technology ETF Trading Up 0.5%

The company has a market cap of $517.02 million, a P/E ratio of 23.78 and a beta of 1.32. The stock’s 50 day moving average is $82.87 and its 200-day moving average is $69.32.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in shares of Invesco S&P SmallCap Information Technology ETF during the third quarter valued at approximately $32,000. Farther Finance Advisors LLC increased its position in shares of Invesco S&P SmallCap Information Technology ETF by 37.4% during the fourth quarter. Farther Finance Advisors LLC now owns 1,195 shares of the company’s stock valued at $68,000 after acquiring an additional 325 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Invesco S&P SmallCap Information Technology ETF in the 4th quarter worth approximately $150,000. PFG Investments LLC purchased a new position in Invesco S&P SmallCap Information Technology ETF in the 4th quarter worth approximately $204,000. Finally, Corient Private Wealth LLC purchased a new position in Invesco S&P SmallCap Information Technology ETF in the 2nd quarter worth approximately $208,000.

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.