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

Shares of Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw an uptick in trading volume on Tuesday . 131,422 shares changed hands during mid-day trading, an increase of 29% from the previous session’s volume of 101,510 shares.The stock last traded at $102.33 and had previously closed at $102.97.

Invesco AI and Next Gen Software ETF Trading Down 1.4%

The firm’s 50-day moving average price is $83.77 and its 200-day moving average price is $69.16. The stock has a market capitalization of $1.15 billion, a PE ratio of 28.76 and a beta of 1.42.

Institutional Trading of Invesco AI and Next Gen Software ETF

Several hedge funds have recently made changes to their positions in the business. Harbour Investments Inc. raised its position in shares of Invesco AI and Next Gen Software ETF by 13.7% during the 4th quarter. Harbour Investments Inc. now owns 1,690 shares of the company’s stock valued at $101,000 after buying an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. raised its position in shares of Invesco AI and Next Gen Software ETF by 71.2% during the 4th quarter. SOA Wealth Advisors LLC. now owns 570 shares of the company’s stock valued at $34,000 after buying an additional 237 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Invesco AI and Next Gen Software ETF by 6.5% during the 4th quarter. HighTower Advisors LLC now owns 4,897 shares of the company’s stock valued at $291,000 after buying an additional 301 shares in the last quarter. Aspen Investment Management Inc raised its position in shares of Invesco AI and Next Gen Software ETF by 4.2% during the 1st quarter. Aspen Investment Management Inc now owns 7,761 shares of the company’s stock valued at $451,000 after buying an additional 314 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in shares of Invesco AI and Next Gen Software ETF by 1.0% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 35,162 shares of the company’s stock valued at $1,900,000 after buying an additional 331 shares in the last quarter.

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.