Invesco S&P SmallCap Information Technology ETF (PSCT)
Invesco S&P SmallCap Information Technology ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $83.08, up 1.37% on the session, giving a market capitalisation of $435.8M. Its beta of 1.65 implies it has historically moved more than the broad market.
The Invesco S&P SmallCap Information Technology ETF (referred to as the "Fund") tracks the performance of the S&P SmallCap 600 Capped Information Technology Index (the "Index"). Typically, the Fund allocates a minimum of 90% of its total investments to the specific securities included in this Index. The Index itself is designed to measure the collective performance of American companies operating in the information technology sector. These companies primarily specialize in offering IT-related products and services, such as computer hardware, software, internet services, electronics, semiconductors, and various communication technologies. Notably, this specialized Index forms a segment of the broader S&P SmallCap 600 Index, which utilizes a float-adjusted, market-capitalization-weighted methodology to represent the U.S. small-capitalization equity market. Both the Fund and its benchmark Index undergo rebalancing and reconstitution on a quarterly schedule. Furthermore, investors should be aware that, at the close of trading on July 14, 2023, the Fund plans to implement a "3 for 1" forward stock split for all outstanding shares. For comprehensive details, please refer to the Fund's prospectus.
Invesco S&P SmallCap Information Technology ETF is most often compared with the following Financial Services names: