Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Sees Large Volume Increase – Time to Buy?

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPTGet Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 131,422 shares traded hands during mid-day trading, an increase of 29% from the previous session’s volume of 101,510 shares.The stock last traded at $102.33 and had previously closed at $102.97.

Invesco AI and Next Gen Software ETF Stock Performance

The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 28.76 and a beta of 1.42. The company’s 50 day simple moving average is $85.39 and its two-hundred day simple moving average is $69.78.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IGPT. Assetmark Inc. acquired a new position in shares of Invesco AI and Next Gen Software ETF during the 1st quarter worth $32,000. GGM Financials LLC acquired a new position in shares of Invesco AI and Next Gen Software ETF during the 3rd quarter worth $34,000. SOA Wealth Advisors LLC. increased its stake in shares of Invesco AI and Next Gen Software ETF by 71.2% during the 4th quarter. SOA Wealth Advisors LLC. now owns 570 shares of the company’s stock worth $34,000 after purchasing an additional 237 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Invesco AI and Next Gen Software ETF during the 4th quarter worth $34,000. Finally, Indiana Trust & Investment Management Co acquired a new position in shares of Invesco AI and Next Gen Software ETF during the 4th quarter worth $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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