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

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $80.00 and last traded at $80.00, with a volume of 1063 shares trading hands. The stock had previously closed at $79.24.

Invesco AI and Next Gen Software ETF Trading Up 1.1%

The firm has a market cap of $904.90 million, a PE ratio of 28.76 and a beta of 1.35. The company’s 50-day moving average is $64.48 and its 200 day moving average is $61.74.

Institutional Investors Weigh In On Invesco AI and Next Gen Software ETF

Several hedge funds have recently made changes to their positions in the company. LPL Financial LLC lifted its position in shares of Invesco AI and Next Gen Software ETF by 9.6% in the 4th quarter. LPL Financial LLC now owns 449,076 shares of the company’s stock valued at $26,707,000 after acquiring an additional 39,155 shares in the last quarter. Journey Strategic Wealth LLC lifted its position in shares of Invesco AI and Next Gen Software ETF by 7.8% in the 3rd quarter. Journey Strategic Wealth LLC now owns 303,057 shares of the company’s stock valued at $16,374,000 after acquiring an additional 21,899 shares in the last quarter. Berkshire Money Management Inc. lifted its position 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 acquiring an additional 2,105 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Invesco AI and Next Gen Software ETF by 5.9% in the 3rd quarter. Bank of America Corp DE now owns 161,385 shares of the company’s stock valued at $8,720,000 after acquiring an additional 8,953 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of Invesco AI and Next Gen Software ETF by 7.8% in the 4th quarter. Osaic Holdings Inc. now owns 133,192 shares of the company’s stock valued at $7,921,000 after acquiring an additional 9,602 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.