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

Shares of Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw unusually-strong trading volume on Thursday . Approximately 73,214 shares traded hands during mid-day trading, a decline of 20% from the previous session’s volume of 91,910 shares.The stock last traded at $99.00 and had previously closed at $102.58.

Invesco AI and Next Gen Software ETF Stock Performance

The firm has a market capitalization of $1.13 billion, a P/E ratio of 28.76 and a beta of 1.35. The business has a fifty day moving average of $77.77 and a 200-day moving average of $66.92.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC boosted its stake in Invesco AI and Next Gen Software ETF by 9.6% during the 4th quarter. LPL Financial LLC now owns 449,076 shares of the company’s stock valued at $26,707,000 after purchasing an additional 39,155 shares in the last quarter. Journey Strategic Wealth LLC lifted its holdings in Invesco AI and Next Gen Software ETF by 7.8% during the 3rd quarter. Journey Strategic Wealth LLC now owns 303,057 shares of the company’s stock worth $16,374,000 after buying an additional 21,899 shares in the last quarter. Berkshire Money Management Inc. grew its position in Invesco AI and Next Gen Software ETF by 0.9% in the fourth quarter. Berkshire Money Management Inc. now owns 245,620 shares of the company’s stock valued at $14,607,000 after purchasing an additional 2,105 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Invesco AI and Next Gen Software ETF by 5.9% during the 3rd quarter. Bank of America Corp DE now owns 161,385 shares of the company’s stock worth $8,720,000 after buying an additional 8,953 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of Invesco AI and Next Gen Software ETF by 7.8% in the fourth quarter. Osaic Holdings Inc. now owns 133,192 shares of the company’s stock valued at $7,921,000 after purchasing an additional 9,602 shares during the last quarter.

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.