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

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) 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 Trading Down 10.7%

The firm has a market cap of $1.08 billion, a PE ratio of 28.76 and a beta of 1.48. The company’s 50-day moving average is $94.95 and its 200 day moving average is $83.52.

Hedge Funds Weigh In On Invesco AI and Next Gen Software ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. bought a new position in shares of Invesco AI and Next Gen Software ETF during the 1st quarter valued at $32,000. Indiana Trust & Investment Management Co bought a new position in Invesco AI and Next Gen Software ETF during the third quarter valued at about $73,000. Compass Financial Management LLC acquired a new stake in shares of Invesco AI and Next Gen Software ETF in the second quarter worth about $94,000. BOKF NA acquired a new stake in shares of Invesco AI and Next Gen Software ETF in the third quarter worth about $128,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Invesco AI and Next Gen Software ETF during the 2nd quarter worth about $151,000.

About Invesco AI and Next Gen Software ETF

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.