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 Monday . Approximately 63,689 shares changed hands during mid-day trading, an increase of 8% from the previous session’s volume of 58,793 shares.The stock last traded at $59.09 and had previously closed at $60.10.

Invesco AI and Next Gen Software ETF Stock Up 0.6%

The company has a market capitalization of $667.20 million, a PE ratio of 28.76 and a beta of 1.13. The stock has a 50-day moving average of $62.77 and a 200 day moving average of $58.57.

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

Several large investors have recently made changes to their positions in IGPT. Journey Strategic Wealth LLC purchased a new stake in shares of Invesco AI and Next Gen Software ETF during the 2nd quarter valued at $13,818,000. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco AI and Next Gen Software ETF by 788.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 104,566 shares of the company’s stock valued at $6,219,000 after acquiring an additional 92,790 shares during the last quarter. Jane Street Group LLC purchased a new position in Invesco AI and Next Gen Software ETF in the fourth quarter valued at about $5,401,000. Royal Bank of Canada grew its position in shares of Invesco AI and Next Gen Software ETF by 282.1% during the 4th quarter. Royal Bank of Canada now owns 119,030 shares of the company’s stock valued at $7,078,000 after acquiring an additional 87,882 shares during the period. Finally, Berkshire Money Management Inc. grew its position in shares of Invesco AI and Next Gen Software ETF by 48.2% during the 3rd quarter. Berkshire Money Management Inc. now owns 243,515 shares of the company’s stock valued at $13,157,000 after acquiring an additional 79,172 shares during the period.

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.