Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Sets New 52-Week High – Here’s What Happened

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) shares reached a new 52-week high on Monday . The company traded as high as $61.93 and last traded at $61.6150, with a volume of 7723 shares trading hands. The stock had previously closed at $61.01.

Invesco AI and Next Gen Software ETF Stock Performance

The company has a market cap of $670.30 million, a PE ratio of 28.76 and a beta of 1.13. The company’s 50 day moving average price is $58.71 and its 200-day moving average price is $54.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Bancorp USA Inc. purchased a new stake in Invesco AI and Next Gen Software ETF during the third quarter valued at about $622,000. Kestra Private Wealth Services LLC increased its position in shares of Invesco AI and Next Gen Software ETF by 1.0% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 35,162 shares of the company’s stock valued at $1,900,000 after purchasing an additional 331 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco AI and Next Gen Software ETF by 29.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 11,776 shares of the company’s stock valued at $636,000 after buying an additional 2,672 shares in the last quarter. Mariner LLC raised its holdings in shares of Invesco AI and Next Gen Software ETF by 15.2% during the 3rd quarter. Mariner LLC now owns 5,692 shares of the company’s stock valued at $308,000 after buying an additional 750 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in Invesco AI and Next Gen Software ETF in the 3rd quarter worth approximately $420,000.

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.