Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Sees Strong Trading Volume – Should You Buy?

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPTGet Free Report) saw unusually-strong trading volume on Friday . 131,029 shares traded hands during trading, an increase of 6% from the previous session’s volume of 124,040 shares.The stock last traded at $89.62 and had previously closed at $91.75.

Invesco AI and Next Gen Software ETF Trading Down 1.7%

The stock has a market capitalization of $1.23 billion, a PE ratio of 28.76 and a beta of 1.40. The company’s 50 day simple moving average is $96.61 and its 200 day simple moving average is $76.85.

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

Several hedge funds have recently made changes to their positions in the business. Assetmark Inc. acquired a new position in Invesco AI and Next Gen Software ETF in the first quarter valued at $32,000. SOA Wealth Advisors LLC. grew its holdings 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 valued at $34,000 after buying an additional 237 shares during the period. International Assets Investment Management LLC purchased a new stake in Invesco AI and Next Gen Software ETF in the 4th quarter valued at about $34,000. Indiana Trust & Investment Management Co purchased a new stake in Invesco AI and Next Gen Software ETF in the 4th quarter valued at about $43,000. Finally, Harbour Investments Inc. increased its stake in shares of Invesco AI and Next Gen Software ETF by 13.7% during the 4th quarter. Harbour Investments Inc. now owns 1,690 shares of the company’s stock valued at $101,000 after acquiring an additional 203 shares during the last quarter.

About Invesco AI and Next Gen Software ETF

(Get Free Report)

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.

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