Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Hits New 1-Year High – Time to Buy?

Shares of Invesco AI and Next Gen Software ETF (NYSEARCA:IGPTGet Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $103.10 and last traded at $103.00, with a volume of 123080 shares changing hands. The stock had previously closed at $97.26.

Invesco AI and Next Gen Software ETF Price Performance

The firm’s 50-day moving average price is $82.90 and its 200 day moving average price is $68.84. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 28.76 and a beta of 1.42.

Institutional Trading of Invesco AI and Next Gen Software ETF

Large investors have recently modified their holdings of the business. Assetmark Inc. acquired a new stake in shares of Invesco AI and Next Gen Software ETF in the first quarter valued at approximately $32,000. GGM Financials LLC acquired a new stake in Invesco AI and Next Gen Software ETF during the third quarter worth approximately $34,000. SOA Wealth Advisors LLC. boosted its position in 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 worth $34,000 after acquiring an additional 237 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Invesco AI and Next Gen Software ETF during the fourth quarter worth approximately $34,000. Finally, Indiana Trust & Investment Management Co acquired a new stake in Invesco AI and Next Gen Software ETF during the fourth quarter worth approximately $43,000.

About Invesco AI and Next Gen Software ETF

(Get Free Report)

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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