Should You Invest in the Invesco S&P SmallCap Information Technology ETF (PSCT)?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 08 2024
0mins
Source: NASDAQ.COM
Overview of Invesco S&P SmallCap Information Technology ETF (PSCT): Launched in 2010, PSCT is a passively managed ETF that provides diversified exposure to small-cap U.S. technology companies, with low operating expenses of 0.29% and a current asset size of over $313 million.
Performance and Investment Considerations: The ETF has experienced a slight decline of -2.21% recently but is up 8.57% year-to-date; it holds a Zacks ETF Rank of 1 (Strong Buy) and is considered a high-risk investment due to its beta of 1.16 and standard deviation of 25.93%.
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Analyst Views on BMI
Wall Street analysts forecast BMI stock price to rise
7 Analyst Rating
5 Buy
1 Hold
1 Sell
Moderate Buy
Current: 146.230
Low
157.00
Averages
214.86
High
243.00
Current: 146.230
Low
157.00
Averages
214.86
High
243.00
About BMI
Badger Meter, Inc. is a manufacturer and marketer of products incorporating flow measurement, quality, control and other system solutions serving markets worldwide. Its offerings, marketed as BlueEdge, include a suite of tailorable solutions that connect water management technology, software and support services to deliver insights enabling the proactive management of water across the water cycle. Its solutions include measurement and control hardware, connectivity and communication, data visualization and software-delivered actionable insights, and ongoing support to optimize customers' operations. Its measurement and control hardware, instruments and sensors include product families, such as meters that measure the flow of water and other fluids, water quality monitoring solutions and high frequency pressure and acoustic leak detection hardware that provides real-time monitoring data. It offers a range of communication solutions including the ORION branded family of radio endpoints.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Investigation into Badger Meter Securities Class Action
- Lawsuit Investigation: Faruqi & Faruqi, LLP is investigating potential securities fraud claims against Badger Meter, Inc., urging affected investors who purchased shares between April 18, 2024, and April 16, 2026, to contact them by the August 3, 2026 deadline to discuss their legal rights.
- False Statement Allegations: The lawsuit alleges that Badger Meter and its executives violated federal securities laws by claiming that the company's financial results reflected 'strong demand' and a 'robust order pipeline,' while concealing the unsustainability of these results, leading to significant investor losses.
- Significant Investor Losses: Following disappointing Q2 2025 results and missed earnings expectations in Q1 2026, Badger Meter's stock price sharply declined, causing substantial losses for investors and indicating a loss of market confidence in the company's financial health.
- Lead Plaintiff Role: Any investor who purchased Badger Meter stock during the class period may apply to serve as lead plaintiff, overseeing the litigation, although choosing not to take on this role does not affect their ability to share in any potential recovery.
See More
Class Action Lawsuit Filed Against Badger Meter, Inc.
- Class Action Initiated: Badger Meter, Inc. and certain officers are facing a class action lawsuit for alleged violations of federal securities laws, covering all securities purchasers from April 18, 2024, to April 16, 2026, indicating significant investor concern over the company's financial transparency.
- False Statements Allegation: The complaint alleges that the company failed to disclose that its reported strong financial results did not reflect ongoing industry trends or growth drivers, severely undermining investor confidence in the company's future and potentially impacting its stock performance.
- Overstated Growth Prospects: The lawsuit claims that the company's assertions of “strong” demand and “robust” order pacing were exaggerated, suggesting significant deficiencies in the company's ability to generate sales and earnings growth, which could lead to investor losses.
- Investor Action Call: Investors are encouraged to apply to be lead plaintiffs by August 3, 2026, to share in any potential recovery from the lawsuit, highlighting the importance of legal action in protecting investor rights.
See More
Reminder of Class Action Lawsuit for Badger Meter Stockholders
- Class Action Notification: Rosen Law Firm reminds investors who purchased Badger Meter (NYSE: BMI) common stock between April 18, 2024, and April 16, 2026, to apply as lead plaintiffs by August 3, 2026, to participate in the class action without incurring any fees.
- False Statement Allegations: The lawsuit alleges that Badger Meter made materially false and misleading statements regarding its financial results, claiming they were driven by “ongoing favorable industry trends” and “strong demand,” while in reality, they were due to pulling forward customer orders to mask weakening demand.
- Financial Impact Analysis: The revenue recognition practices led to disappointing future financial results, causing investor losses when the truth emerged, highlighting significant deficiencies in the company's financial transparency and compliance.
- Law Firm Background: Rosen Law Firm specializes in securities class actions and has achieved the largest settlement against a Chinese company, recovering over $438 million for investors in 2019 alone, demonstrating its strong capabilities and successful track record in securities litigation.
See More
Badger Meter Shareholder Class Action Notice
- Class Action Deadline: Rosen Law Firm reminds Badger Meter shareholders that August 3, 2026, is the deadline to apply as lead plaintiff, allowing investors who purchased shares during the Class Period to seek compensation without any out-of-pocket costs.
- False Statements Allegation: The lawsuit alleges that Badger Meter made materially false and misleading statements regarding its financial results, claiming they were driven by 'ongoing favorable industry trends,' while in reality, they were due to pulling forward customer orders to mask weakening demand.
- Investor Losses: When the truth emerged, investors suffered damages as Badger Meter's financial results did not accurately reflect market demand and future growth potential, leading to disappointing financial outcomes.
- Law Firm's Strength: Rosen Law Firm specializes in securities class actions and has a track record of success, recovering over $438 million for investors in 2019 alone, showcasing its expertise and resource advantages in this field.
See More
Multiple Companies Face Class Action Lawsuits
- Badger Meter Lawsuit: Badger Meter, Inc. is accused of inflating financial results by pulling forward customer orders during the 2024-2026 period, which undermines investor confidence in the company's future performance and is expected to negatively impact its stock price.
- PicS N.V. Violations: PicS N.V. is alleged to have failed to disclose deficiencies in its credit evaluation procedures during its 2026 IPO, leading to the reclassification of approximately R$590 million in credit exposures and an additional R$88 million expected credit loss, potentially harming its market reputation.
- Verra Mobility Dependency Issues: Verra Mobility Corporation is accused of not disclosing its growth plan's reliance on renewing its contract with Avis, which may render its 2026 performance guidance unattainable, thereby affecting investor confidence.
- Grail, Inc. Misleading Statements: Grail, Inc. is alleged to have been overly optimistic about its clinical trial results from 2025 to 2026, ignoring potential negative trends, which could lead to misjudgments about its future prospects among investors.
See More
Class Action Lawsuit Filed Against Badger Meter, Inc.
- Class Action Initiated: Pomerantz LLP has announced a class action lawsuit against Badger Meter, alleging securities fraud or other unlawful business practices by the company and certain officers, with investors needing to apply by August 3, 2026, to become Lead Plaintiff, potentially impacting the company's reputation and shareholder confidence.
- Earnings Miss: Badger Meter reported Q1 2026 earnings of $0.93 per share, missing consensus estimates by $0.26, and revenue of $202.03 million, falling short of expectations by $28.58 million, indicating significant pressure on the company's market competitiveness.
- Sales Decline: The company disclosed a 10% year-over-year decline in utility water sales, reflecting project timing issues and softer municipal customer ordering, which may lead to continued performance pressure and affect investor confidence in future growth.
- Stock Price Plunge: Following the disappointing earnings report, Badger Meter's stock price fell by $36.75, or 24.13%, closing at $115.54 on April 17, 2026, highlighting market concerns regarding the company's financial health.
See More
Investigation into Badger Meter Securities Class Action
- Lawsuit Investigation: Faruqi & Faruqi, LLP is investigating potential securities fraud claims against Badger Meter, Inc., urging affected investors who purchased shares between April 18, 2024, and April 16, 2026, to contact them by the August 3, 2026 deadline to discuss their legal rights.
- False Statement Allegations: The lawsuit alleges that Badger Meter and its executives violated federal securities laws by claiming that the company's financial results reflected 'strong demand' and a 'robust order pipeline,' while concealing the unsustainability of these results, leading to significant investor losses.
- Significant Investor Losses: Following disappointing Q2 2025 results and missed earnings expectations in Q1 2026, Badger Meter's stock price sharply declined, causing substantial losses for investors and indicating a loss of market confidence in the company's financial health.
- Lead Plaintiff Role: Any investor who purchased Badger Meter stock during the class period may apply to serve as lead plaintiff, overseeing the litigation, although choosing not to take on this role does not affect their ability to share in any potential recovery.
See More
Class Action Lawsuit Filed Against Badger Meter, Inc.
- Class Action Initiated: Badger Meter, Inc. and certain officers are facing a class action lawsuit for alleged violations of federal securities laws, covering all securities purchasers from April 18, 2024, to April 16, 2026, indicating significant investor concern over the company's financial transparency.
- False Statements Allegation: The complaint alleges that the company failed to disclose that its reported strong financial results did not reflect ongoing industry trends or growth drivers, severely undermining investor confidence in the company's future and potentially impacting its stock performance.
- Overstated Growth Prospects: The lawsuit claims that the company's assertions of “strong” demand and “robust” order pacing were exaggerated, suggesting significant deficiencies in the company's ability to generate sales and earnings growth, which could lead to investor losses.
- Investor Action Call: Investors are encouraged to apply to be lead plaintiffs by August 3, 2026, to share in any potential recovery from the lawsuit, highlighting the importance of legal action in protecting investor rights.
See More
Reminder of Class Action Lawsuit for Badger Meter Stockholders
- Class Action Notification: Rosen Law Firm reminds investors who purchased Badger Meter (NYSE: BMI) common stock between April 18, 2024, and April 16, 2026, to apply as lead plaintiffs by August 3, 2026, to participate in the class action without incurring any fees.
- False Statement Allegations: The lawsuit alleges that Badger Meter made materially false and misleading statements regarding its financial results, claiming they were driven by “ongoing favorable industry trends” and “strong demand,” while in reality, they were due to pulling forward customer orders to mask weakening demand.
- Financial Impact Analysis: The revenue recognition practices led to disappointing future financial results, causing investor losses when the truth emerged, highlighting significant deficiencies in the company's financial transparency and compliance.
- Law Firm Background: Rosen Law Firm specializes in securities class actions and has achieved the largest settlement against a Chinese company, recovering over $438 million for investors in 2019 alone, demonstrating its strong capabilities and successful track record in securities litigation.
See More
Badger Meter Shareholder Class Action Notice
- Class Action Deadline: Rosen Law Firm reminds Badger Meter shareholders that August 3, 2026, is the deadline to apply as lead plaintiff, allowing investors who purchased shares during the Class Period to seek compensation without any out-of-pocket costs.
- False Statements Allegation: The lawsuit alleges that Badger Meter made materially false and misleading statements regarding its financial results, claiming they were driven by 'ongoing favorable industry trends,' while in reality, they were due to pulling forward customer orders to mask weakening demand.
- Investor Losses: When the truth emerged, investors suffered damages as Badger Meter's financial results did not accurately reflect market demand and future growth potential, leading to disappointing financial outcomes.
- Law Firm's Strength: Rosen Law Firm specializes in securities class actions and has a track record of success, recovering over $438 million for investors in 2019 alone, showcasing its expertise and resource advantages in this field.
See More
Multiple Companies Face Class Action Lawsuits
- Badger Meter Lawsuit: Badger Meter, Inc. is accused of inflating financial results by pulling forward customer orders during the 2024-2026 period, which undermines investor confidence in the company's future performance and is expected to negatively impact its stock price.
- PicS N.V. Violations: PicS N.V. is alleged to have failed to disclose deficiencies in its credit evaluation procedures during its 2026 IPO, leading to the reclassification of approximately R$590 million in credit exposures and an additional R$88 million expected credit loss, potentially harming its market reputation.
- Verra Mobility Dependency Issues: Verra Mobility Corporation is accused of not disclosing its growth plan's reliance on renewing its contract with Avis, which may render its 2026 performance guidance unattainable, thereby affecting investor confidence.
- Grail, Inc. Misleading Statements: Grail, Inc. is alleged to have been overly optimistic about its clinical trial results from 2025 to 2026, ignoring potential negative trends, which could lead to misjudgments about its future prospects among investors.
See More
Class Action Lawsuit Filed Against Badger Meter, Inc.
- Class Action Initiated: Pomerantz LLP has announced a class action lawsuit against Badger Meter, alleging securities fraud or other unlawful business practices by the company and certain officers, with investors needing to apply by August 3, 2026, to become Lead Plaintiff, potentially impacting the company's reputation and shareholder confidence.
- Earnings Miss: Badger Meter reported Q1 2026 earnings of $0.93 per share, missing consensus estimates by $0.26, and revenue of $202.03 million, falling short of expectations by $28.58 million, indicating significant pressure on the company's market competitiveness.
- Sales Decline: The company disclosed a 10% year-over-year decline in utility water sales, reflecting project timing issues and softer municipal customer ordering, which may lead to continued performance pressure and affect investor confidence in future growth.
- Stock Price Plunge: Following the disappointing earnings report, Badger Meter's stock price fell by $36.75, or 24.13%, closing at $115.54 on April 17, 2026, highlighting market concerns regarding the company's financial health.
See More
