Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Sees Strong Trading Volume – Here’s Why

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw strong trading volume on Thursday . 177,969 shares were traded during trading, an increase of 39% from the previous session’s volume of 128,344 shares.The stock last traded at $85.74 and had previously closed at $81.36.

Invesco AI and Next Gen Software ETF Stock Performance

The business has a 50-day simple moving average of $96.25 and a 200 day simple moving average of $77.74. The firm has a market cap of $1.15 billion, a P/E ratio of 28.76 and a beta of 1.40.

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

Several hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco AI and Next Gen Software ETF by 788.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 104,566 shares of the company’s stock worth $6,219,000 after acquiring an additional 92,790 shares during the period. Jane Street Group LLC bought a new stake in Invesco AI and Next Gen Software ETF in the fourth quarter valued at $5,401,000. Royal Bank of Canada increased its position in Invesco AI and Next Gen Software ETF by 282.1% during the 4th quarter. Royal Bank of Canada now owns 119,030 shares of the company’s stock valued at $7,078,000 after purchasing an additional 87,882 shares during the period. StoneCrest Wealth Management Inc. purchased a new position in Invesco AI and Next Gen Software ETF during the 2nd quarter valued at $7,106,000. Finally, Two Sigma Investments LP bought a new position in Invesco AI and Next Gen Software ETF in the 3rd quarter worth $2,323,000.

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.