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

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) shares saw unusually-strong trading volume on Thursday. Approximately 588,499 shares changed hands during mid-day trading, an increase of 330% from the average daily volume of 136,953 shares. The stock last traded at $73.4290 and had previously closed at $81.75.

Invesco AI and Next Gen Software ETF Stock Up 3.2%

The stock has a 50 day moving average of $94.22 and a 200 day moving average of $83.64. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 28.76 and a beta of 1.48.

Institutional Investors Weigh In On Invesco AI and Next Gen Software ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wealthcare Advisory Partners LLC lifted its position in Invesco AI and Next Gen Software ETF by 1.7% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 6,608 shares of the company’s stock valued at $688,000 after purchasing an additional 108 shares during the period. Cornerstone Wealth Management LLC grew its holdings in Invesco AI and Next Gen Software ETF by 11.4% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 2,678 shares of the company’s stock valued at $272,000 after buying an additional 275 shares in the last quarter. Focus Financial Network Inc. raised its position 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 valued at $466,000 after buying an additional 350 shares in the last quarter. Assetmark Inc. acquired a new position in shares of Invesco AI and Next Gen Software ETF during the first quarter worth $32,000. Finally, Indiana Trust & Investment Management Co bought a new position in Invesco AI and Next Gen Software ETF during the 3rd quarter worth approximately $73,000.

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.