Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Sees Unusually-High Trading Volume – Here’s Why

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPTGet Free Report) shares saw an uptick in trading volume on Friday . Approximately 74,867 shares were traded during trading, a decline of 36% from the previous session’s volume of 116,941 shares.The stock last traded at $86.20 and had previously closed at $89.74.

Invesco AI and Next Gen Software ETF Stock Down 1.8%

The company has a market cap of $1.19 billion, a PE ratio of 28.76 and a beta of 1.40. The stock has a 50-day simple moving average of $96.62 and a 200 day simple moving average of $75.75.

Institutional Trading of Invesco AI and Next Gen Software ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in Invesco AI and Next Gen Software ETF in the 1st quarter valued at about $2,152,000. IHT Wealth Management LLC purchased a new position in Invesco AI and Next Gen Software ETF during the second quarter worth about $288,000. Corient Private Wealth LLC increased its position in shares of Invesco AI and Next Gen Software ETF by 6.3% during the second quarter. Corient Private Wealth LLC now owns 28,414 shares of the company’s stock valued at $1,396,000 after acquiring an additional 1,677 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of Invesco AI and Next Gen Software ETF during the third quarter valued at about $2,323,000. Finally, Raymond James Financial Inc. increased its position in shares of Invesco AI and Next Gen Software ETF by 6.1% during the third quarter. Raymond James Financial Inc. now owns 38,927 shares of the company’s stock valued at $2,103,000 after acquiring an additional 2,239 shares during the last quarter.

About Invesco AI and Next Gen Software ETF

(Get Free Report)

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.

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