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

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) shares saw unusually-strong trading volume on Thursday . Approximately 73,214 shares were traded during trading, a decline of 20% from the previous session’s volume of 91,910 shares.The stock last traded at $99.00 and had previously closed at $102.58.

Invesco AI and Next Gen Software ETF Trading Down 9.6%

The stock has a 50-day simple moving average of $79.18 and a 200-day simple moving average of $67.38. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 28.76 and a beta of 1.42.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in IGPT. Jane Street Group LLC acquired a new position in Invesco AI and Next Gen Software ETF during the 1st quarter worth $2,152,000. IHT Wealth Management LLC acquired a new position in Invesco AI and Next Gen Software ETF during the 2nd quarter worth $288,000. Corient Private Wealth LLC boosted its position in Invesco AI and Next Gen Software ETF by 6.3% during the 2nd quarter. Corient Private Wealth LLC now owns 28,414 shares of the company’s stock worth $1,396,000 after acquiring an additional 1,677 shares during the period. Truist Financial Corp boosted its position in Invesco AI and Next Gen Software ETF by 14.2% during the 3rd quarter. Truist Financial Corp now owns 9,309 shares of the company’s stock worth $503,000 after acquiring an additional 1,154 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in Invesco AI and Next Gen Software ETF by 27.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 73,985 shares of the company’s stock worth $3,966,000 after acquiring an additional 15,984 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.