Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Sees Large Volume Increase – What’s Next?

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw an uptick in trading volume on Friday . Approximately 131,029 shares were traded during trading, an increase of 6% from the previous session’s volume of 124,040 shares.The stock last traded at $89.62 and had previously closed at $91.75.

Invesco AI and Next Gen Software ETF Stock Performance

The firm’s fifty day moving average price is $96.63 and its 200 day moving average price is $76.93. The firm has a market cap of $1.21 billion, a P/E ratio of 28.76 and a beta of 1.40.

Hedge Funds Weigh In On Invesco AI and Next Gen Software ETF

A number of large investors have recently bought and sold shares of the business. Sherman Wealth Management LLC bought a new position in Invesco AI and Next Gen Software ETF in the second quarter worth approximately $239,000. Wealthcare Advisory Partners LLC boosted its position in Invesco AI and Next Gen Software ETF by 1.7% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 6,608 shares of the company’s stock valued at $688,000 after acquiring an additional 108 shares in the last quarter. Focus Financial Network Inc. boosted its position in Invesco AI and Next Gen Software ETF by 8.5% during the 2nd quarter. Focus Financial Network Inc. now owns 4,480 shares of the company’s stock valued at $466,000 after acquiring an additional 350 shares in the last quarter. StoneCrest Wealth Management Inc. purchased a new position in shares of Invesco AI and Next Gen Software ETF in the 2nd quarter valued at $7,106,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in shares of Invesco AI and Next Gen Software ETF in the 2nd quarter valued at $768,000.

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.