Redstone Wealth Management LLC Takes Position in Invesco AI and Next Gen Software ETF $IGPT

Redstone Wealth Management LLC acquired a new stake in shares of Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 7,152 shares of the company’s stock, valued at approximately $425,000.

Other hedge funds have also recently modified their holdings of the company. SOA Wealth Advisors LLC. increased its holdings in shares of Invesco AI and Next Gen Software ETF by 71.2% during the fourth quarter. SOA Wealth Advisors LLC. now owns 570 shares of the company’s stock valued at $34,000 after acquiring an additional 237 shares in the last quarter. GGM Financials LLC acquired a new position in shares of Invesco AI and Next Gen Software ETF during the third quarter valued at about $34,000. International Assets Investment Management LLC acquired a new position in shares of Invesco AI and Next Gen Software ETF during the fourth quarter valued at about $34,000. Indiana Trust & Investment Management Co acquired a new position in shares of Invesco AI and Next Gen Software ETF during the fourth quarter valued at about $43,000. Finally, Founders Financial Alliance LLC acquired a new position in shares of Invesco AI and Next Gen Software ETF during the third quarter valued at about $97,000.

Invesco AI and Next Gen Software ETF Price Performance

IGPT opened at $91.82 on Monday. Invesco AI and Next Gen Software ETF has a 52-week low of $44.18 and a 52-week high of $93.78. The company has a market cap of $1.04 billion, a P/E ratio of 28.76 and a beta of 1.35. The firm’s 50-day moving average price is $71.79 and its 200-day moving average price is $64.68.

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.