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

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) shares saw strong trading volume on Friday . 74,867 shares traded hands during trading, a decline of 36% from the previous session’s volume of 116,941 shares.The stock last traded at $86.20 and had previously closed at $89.74.

Invesco AI and Next Gen Software ETF Trading Down 1.4%

The stock has a 50-day moving average of $96.57 and a two-hundred day moving average of $75.84. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 28.76 and a beta of 1.40.

Institutional Investors Weigh In On Invesco AI and Next Gen Software ETF

Hedge funds have recently made changes to their positions in the company. Assetmark Inc. acquired a new stake in Invesco AI and Next Gen Software ETF during the 1st quarter valued at $32,000. SOA Wealth Advisors LLC. grew its holdings in shares of Invesco AI and Next Gen Software ETF by 71.2% during the fourth 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. International Assets Investment Management LLC acquired a new position in Invesco AI and Next Gen Software ETF during the fourth quarter valued at $34,000. Indiana Trust & Investment Management Co purchased a new stake in Invesco AI and Next Gen Software ETF in the 4th quarter worth about $43,000. Finally, Harbour Investments Inc. boosted its position in 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 worth $101,000 after acquiring an additional 203 shares during the period.

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.