Yahoo Finanza Invesco S&P SmallCap Information Technology ETF Rallies Again
The Invesco S&P SmallCap Information Technology ETF performed well last year and has started 2022 in a positive fashion.
PSCT Rallies by Less Than 1%
The Invesco S&P SmallCap Information Technology ETF was one of the best-performing stocks in its category last year, adding more than 28% to its value during that period. The ETF started 2022 the way it ended last year and looks set to rally higher in the coming days and weeks.
The Invesco S&P SmallCap Information Technology ETF (PSCT) has been around since 2010 and is a passively managed fund designed to offer investors broad exposure to the Technology – Broad segment of the US stock market.
The ETF is sponsored by Invesco and has more than $500 million in assets under management making it one of the average sized funds attempting to match the performance of the Technology – Broad segment of the stock market.
Before fees and expenses, the Invesco S&P SmallCap Information Technology ETF is designed to match the performance of the S&P SmallCap 600 Capped Information Technology Index. This index measures the overall performance of common stocks of United States information technology companies.
PSCT Eyes the $60 Resistance Level
PSCT performed excellently last year, adding nearly 30% to its value within 12 months. The fund has annual operating expenses for this ETF are 0.29%, making it one of the least expensive products in its category.
The technical indicators show that PSCT is currently performing well. PSCT is trading above its 50-day moving average of $146. The RSI of 61 shows that PSCT is entering the overbought region while the MACD line is above the neutral zone.
The fund could rally higher in the coming weeks as its top holding stocks are also performing well. Power Integrations Inc (POWI), Sps Commerce Inc (SPSC) and Maxlinear Inc (MXL) are the three top stocks under the ETF.
This article was originally posted on FX Empire
