Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw an uptick in trading volume on Friday . 71,327 shares traded hands during trading, a decline of 2% from the previous session’s volume of 72,510 shares.The stock last traded at $88.36 and had previously closed at $90.81.

Invesco AI and Next Gen Software ETF Price Performance

The stock’s 50 day simple moving average is $68.57 and its two-hundred day simple moving average is $63.51. The company has a market capitalization of $994.63 million, a P/E ratio of 28.76 and a beta of 1.35.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IGPT. Assetmark Inc. bought a new position in Invesco AI and Next Gen Software ETF in the 1st quarter valued at $32,000. SOA Wealth Advisors LLC. lifted its stake in shares of Invesco AI and Next Gen Software ETF by 71.2% during the fourth quarter. SOA Wealth Advisors LLC. now owns 570 shares of the company’s stock valued at $34,000 after acquiring an additional 237 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Invesco AI and Next Gen Software ETF during the fourth quarter valued at $34,000. GGM Financials LLC bought a new position in Invesco AI and Next Gen Software ETF in the third quarter valued at about $34,000. Finally, Indiana Trust & Investment Management Co bought a new position in Invesco AI and Next Gen Software ETF in the fourth quarter valued at about $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.