Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Sees Unusually-High Trading Volume – What’s Next?

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw unusually-strong trading volume on Tuesday . Approximately 131,422 shares traded hands during trading, an increase of 29% from the previous session’s volume of 101,510 shares.The stock last traded at $102.33 and had previously closed at $102.97.

Invesco AI and Next Gen Software ETF Trading Down 1.4%

The stock has a market capitalization of $1.15 billion, a PE ratio of 28.76 and a beta of 1.42. The firm’s 50-day moving average price is $83.77 and its 200-day moving average price is $69.16.

Institutional Trading of Invesco AI and Next Gen Software ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IGPT. Jane Street Group LLC purchased a new stake in Invesco AI and Next Gen Software ETF in the 1st quarter worth about $2,152,000. IHT Wealth Management LLC purchased a new stake in Invesco AI and Next Gen Software ETF in the 2nd quarter worth about $288,000. Corient Private Wealth LLC raised its position in Invesco AI and Next Gen Software ETF by 6.3% in the 2nd quarter. Corient Private Wealth LLC now owns 28,414 shares of the company’s stock worth $1,396,000 after purchasing an additional 1,677 shares during the period. Envestnet Asset Management Inc. raised its position in Invesco AI and Next Gen Software ETF by 1.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 27,117 shares of the company’s stock worth $1,465,000 after purchasing an additional 479 shares during the period. Finally, Founders Financial Alliance LLC purchased a new stake in Invesco AI and Next Gen Software ETF in the 3rd quarter worth about $97,000.

About Invesco AI and Next Gen Software ETF

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. IGPT was launched on Jun 23, 2005 and is issued by Invesco.