Members Advisory Group LLC Lowers Holdings in Invesco AI and Next Gen Software ETF $IGPT

Members Advisory Group LLC reduced its stake in shares of Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) by 24.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 147,451 shares of the company’s stock after selling 46,561 shares during the quarter. Invesco AI and Next Gen Software ETF accounts for 2.7% of Members Advisory Group LLC’s holdings, making the stock its 12th largest position. Members Advisory Group LLC owned approximately 1.49% of Invesco AI and Next Gen Software ETF worth $7,248,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Flagship Harbor Advisors LLC boosted its position in Invesco AI and Next Gen Software ETF by 8.3% in the 1st quarter. Flagship Harbor Advisors LLC now owns 7,511 shares of the company’s stock worth $304,000 after purchasing an additional 574 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Invesco AI and Next Gen Software ETF by 4.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 40,318 shares of the company’s stock valued at $1,632,000 after purchasing an additional 1,804 shares during the period. Cresset Asset Management LLC acquired a new position in shares of Invesco AI and Next Gen Software ETF in the 1st quarter valued at $410,000. Focus Financial Network Inc. purchased a new stake in Invesco AI and Next Gen Software ETF during the second quarter worth $207,000. Finally, LPL Financial LLC grew its position in Invesco AI and Next Gen Software ETF by 11.2% during the first quarter. LPL Financial LLC now owns 320,131 shares of the company’s stock valued at $12,962,000 after buying an additional 32,202 shares during the period.

Invesco AI and Next Gen Software ETF Stock Performance

IGPT opened at $56.87 on Monday. The company has a fifty day moving average of $53.14 and a two-hundred day moving average of $48.00. The stock has a market capitalization of $605.67 million, a price-to-earnings ratio of 28.76 and a beta of 1.09. Invesco AI and Next Gen Software ETF has a fifty-two week low of $33.80 and a fifty-two week high of $57.77.

Invesco AI and Next Gen Software ETF Company Profile

The Invesco AI and Next Gen Software ETF (IGPT) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index of securities that derive more than 50% of their revenue to the future media industry. These components may be from any market-cap, and from any geography.