Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Sets New 12-Month High – Here’s What Happened

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $65.15 and last traded at $65.0650, with a volume of 15331 shares changing hands. The stock had previously closed at $64.05.

Invesco AI and Next Gen Software ETF Trading Down 0.5%

The stock has a market capitalization of $725.88 million, a price-to-earnings ratio of 28.76 and a beta of 1.13. The business has a 50 day simple moving average of $60.05 and a 200-day simple moving average of $56.11.

Hedge Funds Weigh In On Invesco AI and Next Gen Software ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank grew its stake in shares of Invesco AI and Next Gen Software ETF by 23.7% during the 4th quarter. Comerica Bank now owns 7,536 shares of the company’s stock valued at $448,000 after buying an additional 1,442 shares during the period. Kestra Private Wealth Services LLC grew its position in Invesco AI and Next Gen Software ETF by 4.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 36,882 shares of the company’s stock valued at $2,193,000 after acquiring an additional 1,720 shares during the period. Concurrent Investment Advisors LLC increased its stake in Invesco AI and Next Gen Software ETF by 12.7% during the fourth quarter. Concurrent Investment Advisors LLC now owns 4,690 shares of the company’s stock worth $279,000 after acquiring an additional 529 shares during the last quarter. Fortis Capital Advisors LLC purchased a new position in shares of Invesco AI and Next Gen Software ETF in the 4th quarter worth about $352,000. Finally, Berkshire Money Management Inc. lifted its stake in shares of Invesco AI and Next Gen Software ETF by 0.9% in the 4th quarter. Berkshire Money Management Inc. now owns 245,620 shares of the company’s stock valued at $14,607,000 after purchasing an additional 2,105 shares in the last quarter.

About Invesco AI and Next Gen Software ETF

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.