Northwestern Mutual Wealth Management Co. Grows Stock Holdings in Invesco AI and Next Gen Software ETF $IGPT

Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) by 788.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 104,566 shares of the company’s stock after buying an additional 92,790 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco AI and Next Gen Software ETF were worth $6,219,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of Invesco AI and Next Gen Software ETF during the fourth quarter valued at about $34,000. Truist Financial Corp lifted its position in shares of Invesco AI and Next Gen Software ETF by 24.9% during the fourth quarter. Truist Financial Corp now owns 11,625 shares of the company’s stock valued at $691,000 after buying an additional 2,316 shares during the last quarter. Opus Capital Group LLC purchased a new stake in shares of Invesco AI and Next Gen Software ETF during the fourth quarter valued at about $1,354,000. Comerica Bank lifted its position in shares of Invesco AI and Next Gen Software ETF by 23.7% during the fourth quarter. Comerica Bank now owns 7,536 shares of the company’s stock valued at $448,000 after buying an additional 1,442 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its position in shares of Invesco AI and Next Gen Software ETF by 4.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 36,882 shares of the company’s stock valued at $2,193,000 after buying an additional 1,720 shares during the last quarter.

Invesco AI and Next Gen Software ETF Stock Up 0.9%

Shares of Invesco AI and Next Gen Software ETF stock opened at $91.82 on Friday. The firm has a market capitalization of $1.04 billion, a P/E ratio of 28.76 and a beta of 1.35. The company has a 50 day moving average price of $71.79 and a 200 day moving average price of $64.66. Invesco AI and Next Gen Software ETF has a 52 week low of $44.18 and a 52 week high of $93.78.

Invesco AI and Next Gen Software ETF 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.