Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Reaches New 12-Month High – Here’s What Happened

Shares of Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) reached a new 52-week high during trading on Monday . The stock traded as high as $93.75 and last traded at $93.00, with a volume of 10094 shares changing hands. The stock had previously closed at $90.95.

Invesco AI and Next Gen Software ETF Price Performance

The firm’s 50-day moving average price is $67.41 and its 200 day moving average price is $63.05. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 28.76 and a beta of 1.35.

Institutional Trading of Invesco AI and Next Gen Software ETF

Hedge funds have recently bought and sold shares of the company. Opus Capital Group LLC acquired a new stake in Invesco AI and Next Gen Software ETF during the fourth quarter worth approximately $1,354,000. Journey Strategic Wealth LLC boosted its position in Invesco AI and Next Gen Software ETF by 7.8% during the third quarter. Journey Strategic Wealth LLC now owns 303,057 shares of the company’s stock worth $16,374,000 after acquiring an additional 21,899 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Invesco AI and Next Gen Software ETF by 27.6% during the third 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 last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Invesco AI and Next Gen Software ETF by 109.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,725 shares of the company’s stock worth $1,222,000 after acquiring an additional 11,350 shares during the last quarter. Finally, Sovran Advisors LLC acquired a new stake in Invesco AI and Next Gen Software ETF during the third quarter worth approximately $256,000.

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.