Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Hits New 12-Month High – What’s Next?

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) reached a new 52-week high during trading on Monday . The stock traded as high as $80.00 and last traded at $80.00, with a volume of 1063 shares traded. The stock had previously closed at $79.24.

Invesco AI and Next Gen Software ETF Trading Up 1.1%

The stock has a market cap of $904.90 million, a P/E ratio of 28.76 and a beta of 1.35. The firm’s 50-day simple moving average is $64.48 and its 200 day simple moving average is $61.74.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. SOA Wealth Advisors LLC. grew its position in Invesco AI and Next Gen Software ETF by 71.2% in the 4th quarter. SOA Wealth Advisors LLC. now owns 570 shares of the company’s stock worth $34,000 after purchasing an additional 237 shares during the last quarter. GGM Financials LLC bought a new position in shares of Invesco AI and Next Gen Software ETF in the third quarter valued at approximately $34,000. International Assets Investment Management LLC bought a new position in shares of Invesco AI and Next Gen Software ETF in the fourth quarter valued at approximately $34,000. Indiana Trust & Investment Management Co bought a new position in shares of Invesco AI and Next Gen Software ETF in the fourth quarter valued at approximately $43,000. Finally, Founders Financial Alliance LLC bought a new position in shares of Invesco AI and Next Gen Software ETF in the third quarter valued at approximately $97,000.

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