Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Sets New 52-Week High – Here’s What Happened

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $61.93 and last traded at $61.6150, with a volume of 7723 shares traded. The stock had previously closed at $61.01.

Invesco AI and Next Gen Software ETF Price Performance

The stock’s 50 day moving average is $58.71 and its two-hundred day moving average is $54.31. The firm has a market cap of $670.30 million, a P/E ratio of 28.76 and a beta of 1.13.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Harbour Investments Inc. increased its position in shares of Invesco AI and Next Gen Software ETF by 19.1% during the 2nd quarter. Harbour Investments Inc. now owns 1,484 shares of the company’s stock worth $73,000 after purchasing an additional 238 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in Invesco AI and Next Gen Software ETF by 1.0% during the third quarter. Kestra Private Wealth Services LLC now owns 35,162 shares of the company’s stock worth $1,900,000 after buying an additional 331 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Invesco AI and Next Gen Software ETF by 1.8% during the third quarter. Envestnet Asset Management Inc. now owns 27,117 shares of the company’s stock worth $1,465,000 after buying an additional 479 shares in the last quarter. Harbor Asset Planning Inc. bought a new position in shares of Invesco AI and Next Gen Software ETF in the second quarter valued at approximately $29,000. Finally, Truist Financial Corp raised its stake in shares of Invesco AI and Next Gen Software ETF by 8.1% in the second quarter. Truist Financial Corp now owns 8,155 shares of the company’s stock valued at $401,000 after acquiring an additional 609 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.