Redstone Wealth Management LLC Makes New Investment in Invesco AI and Next Gen Software ETF $IGPT

Redstone Wealth Management LLC bought a new position in Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,152 shares of the company’s stock, valued at approximately $425,000. Redstone Wealth Management LLC owned approximately 0.06% of Invesco AI and Next Gen Software ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Journey Strategic Wealth LLC raised its holdings in Invesco AI and Next Gen Software ETF by 7.8% in the third quarter. Journey Strategic Wealth LLC now owns 303,057 shares of the company’s stock worth $16,374,000 after purchasing an additional 21,899 shares in the last quarter. Berkshire Money Management Inc. grew its stake in Invesco AI and Next Gen Software ETF by 0.9% during the 4th quarter. Berkshire Money Management Inc. now owns 245,620 shares of the company’s stock worth $14,607,000 after buying an additional 2,105 shares during the last quarter. Bank of America Corp DE grew its stake in Invesco AI and Next Gen Software ETF by 5.9% during the 3rd quarter. Bank of America Corp DE now owns 161,385 shares of the company’s stock worth $8,720,000 after buying an additional 8,953 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Invesco AI and Next Gen Software ETF by 20.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 114,532 shares of the company’s stock worth $6,188,000 after buying an additional 19,305 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Invesco AI and Next Gen Software ETF by 788.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 104,566 shares of the company’s stock worth $6,219,000 after buying an additional 92,790 shares during the last quarter.

Invesco AI and Next Gen Software ETF Price Performance

Shares of IGPT stock opened at $91.82 on Monday. Invesco AI and Next Gen Software ETF has a 1-year low of $44.18 and a 1-year high of $93.78. The stock’s fifty day moving average price is $71.79 and its 200 day moving average price is $64.68. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 28.76 and a beta of 1.35.

Invesco AI and Next Gen Software ETF 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.