Berkshire Money Management Inc. Has $13.16 Million Position in Invesco AI and Next Gen Software ETF $IGPT

Berkshire Money Management Inc. increased its holdings in Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) by 48.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 243,515 shares of the company’s stock after purchasing an additional 79,172 shares during the period. Invesco AI and Next Gen Software ETF makes up 1.4% of Berkshire Money Management Inc.’s portfolio, making the stock its 17th biggest position. Berkshire Money Management Inc. owned about 2.35% of Invesco AI and Next Gen Software ETF worth $13,157,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Harbor Asset Planning Inc. bought a new position in shares of Invesco AI and Next Gen Software ETF in the second quarter valued at approximately $29,000. Westside Investment Management Inc. acquired a new stake in Invesco AI and Next Gen Software ETF during the 2nd quarter valued at $33,000. Chung Wu Investment Group LLC bought a new position in Invesco AI and Next Gen Software ETF in the 2nd quarter valued at $61,000. Harbour Investments Inc. boosted its stake in Invesco AI and Next Gen Software ETF by 19.1% in the second quarter. Harbour Investments Inc. now owns 1,484 shares of the company’s stock worth $73,000 after purchasing an additional 238 shares in the last quarter. Finally, Crowley Wealth Management Inc. grew its holdings in shares of Invesco AI and Next Gen Software ETF by 87.0% during the second quarter. Crowley Wealth Management Inc. now owns 3,160 shares of the company’s stock worth $160,000 after purchasing an additional 1,470 shares during the last quarter.

Invesco AI and Next Gen Software ETF Price Performance

IGPT stock opened at $58.77 on Monday. The company has a 50 day moving average price of $58.21 and a 200 day moving average price of $53.39. Invesco AI and Next Gen Software ETF has a fifty-two week low of $33.80 and a fifty-two week high of $61.81. The stock has a market capitalization of $634.72 million, a PE ratio of 28.76 and a beta of 1.13.

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.