Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Hits New 52-Week High – Here’s What Happened

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) shares hit a new 52-week high on Wednesday . The stock traded as high as $63.72 and last traded at $63.3540, with a volume of 17103 shares changing hands. The stock had previously closed at $61.48.

Invesco AI and Next Gen Software ETF Price Performance

The firm’s 50 day moving average is $59.20 and its 200 day moving average is $55.50. The company has a market cap of $696.15 million, a PE ratio of 28.76 and a beta of 1.13.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Journey Strategic Wealth LLC purchased a new stake in Invesco AI and Next Gen Software ETF in the second quarter valued at approximately $13,818,000. Berkshire Money Management Inc. increased its holdings in shares of Invesco AI and Next Gen Software ETF by 48.2% in the 3rd quarter. Berkshire Money Management Inc. now owns 243,515 shares of the company’s stock worth $13,157,000 after buying an additional 79,172 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Invesco AI and Next Gen Software ETF during the 1st quarter valued at $2,152,000. Two Sigma Investments LP bought a new stake in shares of Invesco AI and Next Gen Software ETF during the 3rd quarter worth $2,323,000. Finally, Osaic Holdings Inc. grew its position in Invesco AI and Next Gen Software ETF by 21.7% in the second quarter. Osaic Holdings Inc. now owns 119,935 shares of the company’s stock worth $5,894,000 after acquiring an additional 21,361 shares in the last quarter.

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.