Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Reaches New 1-Year High – Time to Buy?

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) shares reached a new 52-week high on Monday . The stock traded as high as $103.10 and last traded at $103.00, with a volume of 123080 shares trading hands. The stock had previously closed at $97.26.

Invesco AI and Next Gen Software ETF Stock Up 0.8%

The company has a market capitalization of $1.14 billion, a P/E ratio of 28.76 and a beta of 1.42. The firm has a 50-day moving average price of $84.58 and a two-hundred day moving average price of $69.47.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Assetmark Inc. acquired a new position in Invesco AI and Next Gen Software ETF in the first quarter worth $32,000. GGM Financials LLC acquired a new position in Invesco AI and Next Gen Software ETF in the third quarter worth $34,000. SOA Wealth Advisors LLC. boosted 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 in the last quarter. International Assets Investment Management LLC acquired a new position in Invesco AI and Next Gen Software ETF in the fourth quarter worth $34,000. Finally, Indiana Trust & Investment Management Co acquired a new position in Invesco AI and Next Gen Software ETF in the fourth quarter worth $43,000.

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.