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

Shares of Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw an uptick in trading volume on Monday . 63,689 shares were traded during mid-day trading, an increase of 8% from the previous session’s volume of 58,793 shares.The stock last traded at $59.09 and had previously closed at $60.10.

Invesco AI and Next Gen Software ETF Price Performance

The firm’s 50 day moving average is $62.85 and its 200 day moving average is $58.73. The company has a market capitalization of $685.51 million, a PE ratio of 28.76 and a beta of 1.13.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IGPT. SOA Wealth Advisors LLC. grew its stake in Invesco AI and Next Gen Software ETF by 71.2% in the fourth 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 period. International Assets Investment Management LLC bought a new stake in shares of Invesco AI and Next Gen Software ETF during the 4th quarter valued at $34,000. GGM Financials LLC bought a new stake in shares of Invesco AI and Next Gen Software ETF during the 3rd quarter valued at $34,000. Indiana Trust & Investment Management Co purchased a new stake in shares of Invesco AI and Next Gen Software ETF in the 4th quarter worth about $43,000. Finally, Harbour Investments Inc. increased its stake in shares of Invesco AI and Next Gen Software ETF by 13.7% in the 4th quarter. Harbour Investments Inc. now owns 1,690 shares of the company’s stock worth $101,000 after acquiring an additional 203 shares in 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.