StoneCrest Wealth Management Inc. Buys New Position in Invesco AI and Next Gen Software ETF $IGPT

StoneCrest Wealth Management Inc. bought a new position in shares of Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 68,258 shares of the company’s stock, valued at approximately $7,106,000. Invesco AI and Next Gen Software ETF accounts for about 2.3% of StoneCrest Wealth Management Inc.’s investment portfolio, making the stock its 19th largest position.

Other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in Invesco AI and Next Gen Software ETF by 9.6% in the fourth quarter. LPL Financial LLC now owns 449,076 shares of the company’s stock valued at $26,707,000 after buying an additional 39,155 shares during the period. Berkshire Money Management Inc. grew its position in shares of Invesco AI and Next Gen Software ETF by 0.9% during the 4th quarter. Berkshire Money Management Inc. now owns 245,620 shares of the company’s stock worth $14,607,000 after buying an additional 2,105 shares during the period. Bank of America Corp DE increased its stake in shares of Invesco AI and Next Gen Software ETF by 5.9% in the 3rd quarter. Bank of America Corp DE now owns 161,385 shares of the company’s stock valued at $8,720,000 after acquiring an additional 8,953 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of Invesco AI and Next Gen Software ETF by 7.8% in the 4th quarter. Osaic Holdings Inc. now owns 133,192 shares of the company’s stock valued at $7,921,000 after acquiring an additional 9,602 shares in the last quarter. Finally, Royal Bank of Canada lifted 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.

Invesco AI and Next Gen Software ETF Price Performance

Shares of NYSEARCA IGPT opened at $91.43 on Monday. The firm has a market cap of $1.21 billion, a PE ratio of 28.76 and a beta of 1.43. The company’s fifty day simple moving average is $95.69 and its 200 day simple moving average is $78.87. Invesco AI and Next Gen Software ETF has a 12-month low of $48.84 and a 12-month high of $109.32.

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.