Shares of Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 71,327 shares changed hands during mid-day trading, a decline of 2% from the previous session’s volume of 72,510 shares.The stock last traded at $88.36 and had previously closed at $90.81.
Invesco AI and Next Gen Software ETF Stock Performance
The company has a market cap of $994.63 million, a price-to-earnings ratio of 28.76 and a beta of 1.35. The firm’s 50-day moving average price is $68.57 and its 200 day moving average price is $63.51.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco AI and Next Gen Software ETF by 788.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 104,566 shares of the company’s stock worth $6,219,000 after purchasing an additional 92,790 shares during the last quarter. Jane Street Group LLC bought a new stake in Invesco AI and Next Gen Software ETF in the fourth quarter valued at about $5,401,000. Royal Bank of Canada lifted its stake in Invesco AI and Next Gen Software ETF by 282.1% in the fourth quarter. Royal Bank of Canada now owns 119,030 shares of the company’s stock valued at $7,078,000 after buying an additional 87,882 shares during the period. Two Sigma Investments LP acquired a new position in Invesco AI and Next Gen Software ETF in the third quarter valued at about $2,323,000. Finally, LPL Financial LLC boosted its holdings in Invesco AI and Next Gen Software ETF by 9.6% during the fourth quarter. LPL Financial LLC now owns 449,076 shares of the company’s stock worth $26,707,000 after buying an additional 39,155 shares during the last quarter.
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.
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