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

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPTGet Free Report) saw unusually-high 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 1.8%

The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 28.76 and a beta of 1.40. The company’s fifty day moving average is $96.62 and its two-hundred day moving average is $75.75.

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

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of Invesco AI and Next Gen Software ETF in the first quarter valued at $2,152,000. IHT Wealth Management LLC acquired a new position in Invesco AI and Next Gen Software ETF during the 2nd quarter worth about $288,000. Corient Private Wealth LLC lifted its stake in Invesco AI and Next Gen Software ETF by 6.3% during the 2nd quarter. Corient Private Wealth LLC now owns 28,414 shares of the company’s stock worth $1,396,000 after acquiring an additional 1,677 shares in the last quarter. Two Sigma Investments LP purchased a new position in Invesco AI and Next Gen Software ETF during the 3rd quarter valued at about $2,323,000. Finally, Raymond James Financial Inc. boosted its holdings in Invesco AI and Next Gen Software ETF by 6.1% during the 3rd quarter. Raymond James Financial Inc. now owns 38,927 shares of the company’s stock valued at $2,103,000 after acquiring an additional 2,239 shares during the period.

Invesco AI and Next Gen Software ETF Company Profile

(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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