Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Sees Large Volume Increase – What’s Next?

Shares of Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw unusually-high trading volume on Thursday. Approximately 221,413 shares changed hands during mid-day trading, an increase of 68% from the previous session’s volume of 131,578 shares. The stock last traded at $101.4720 and had previously closed at $101.69.

Invesco AI and Next Gen Software ETF Trading Down 0.2%

The company has a market cap of $1.40 billion, a price-to-earnings ratio of 28.76 and a beta of 1.44. The business has a 50-day moving average price of $93.72 and a 200 day moving average price of $87.47.

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

Hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its position in shares of Invesco AI and Next Gen Software ETF by 74.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 26,656 shares of the company’s stock valued at $2,775,000 after purchasing an additional 11,384 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Invesco AI and Next Gen Software ETF during the 2nd quarter worth about $151,000. NewEdge Advisors LLC lifted its stake in Invesco AI and Next Gen Software ETF by 951.4% during the second quarter. NewEdge Advisors LLC now owns 5,152 shares of the company’s stock valued at $536,000 after buying an additional 4,662 shares in the last quarter. Corient Private Wealth LP lifted its stake in Invesco AI and Next Gen Software ETF by 22.4% during the second quarter. Corient Private Wealth LP now owns 39,168 shares of the company’s stock valued at $4,077,000 after buying an additional 7,162 shares in the last quarter. Finally, Nilsine Partners LLC acquired a new position in shares of Invesco AI and Next Gen Software ETF in the second quarter worth about $1,586,000.

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.