Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Sees Large Volume Increase – Here’s Why

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) shares saw strong trading volume on Thursday. Approximately 221,413 shares were traded during mid-day trading, an increase of 68% from the previous session’s volume of 131,578 shares. The stock last traded at $101.4720 and had previously closed at $101.69.

Invesco AI and Next Gen Software ETF Trading Down 0.2%

The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 28.76 and a beta of 1.44. The firm has a 50-day moving average price of $93.72 and a 200-day moving average price of $87.47.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Wealthcare Advisory Partners LLC lifted its holdings in Invesco AI and Next Gen Software ETF by 1.7% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 6,608 shares of the company’s stock valued at $688,000 after acquiring an additional 108 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of Invesco AI and Next Gen Software ETF by 13.7% in the 4th quarter. Harbour Investments Inc. now owns 1,690 shares of the company’s stock worth $101,000 after purchasing an additional 203 shares during the last quarter. Aspen Investment Management Inc grew its stake in shares of Invesco AI and Next Gen Software ETF by 4.2% in the 1st quarter. Aspen Investment Management Inc now owns 7,761 shares of the company’s stock worth $451,000 after purchasing an additional 314 shares during the last quarter. Focus Financial Network Inc. raised its holdings in shares of Invesco AI and Next Gen Software ETF by 8.5% in the 2nd quarter. Focus Financial Network Inc. now owns 4,480 shares of the company’s stock worth $466,000 after purchasing an additional 350 shares in the last quarter. Finally, Assetmark Inc. bought a new stake in shares of Invesco AI and Next Gen Software ETF in the 1st quarter worth approximately $32,000.

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.