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

Shares of Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw strong trading volume on Friday . 193,489 shares were traded during mid-day trading, an increase of 196% from the previous session’s volume of 65,280 shares.The stock last traded at $90.33 and had previously closed at $85.51.

Invesco AI and Next Gen Software ETF Trading Up 5.7%

The firm’s 50-day moving average price is $65.80 and its 200 day moving average price is $62.35. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 28.76 and a beta of 1.35.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. acquired a new stake in shares of Invesco AI and Next Gen Software ETF in the 1st quarter valued at $32,000. SOA Wealth Advisors LLC. raised its holdings in shares of Invesco AI and Next Gen Software ETF by 71.2% during the 4th quarter. SOA Wealth Advisors LLC. now owns 570 shares of the company’s stock worth $34,000 after buying an additional 237 shares in the last quarter. GGM Financials LLC bought a new stake in shares of Invesco AI and Next Gen Software ETF during the 3rd quarter worth $34,000. International Assets Investment Management LLC bought a new stake in shares of Invesco AI and Next Gen Software ETF during the 4th quarter worth $34,000. Finally, Indiana Trust & Investment Management Co acquired a new stake in Invesco AI and Next Gen Software ETF in the fourth quarter valued at about $43,000.

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.