Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Sees Strong Trading Volume – Here’s What Happened

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw unusually-strong trading volume on Friday . Approximately 131,029 shares traded hands during mid-day trading, an increase of 6% from the previous session’s volume of 124,040 shares.The stock last traded at $89.62 and had previously closed at $91.75.

Invesco AI and Next Gen Software ETF Price Performance

The firm’s 50-day moving average is $96.61 and its 200 day moving average is $76.85. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 28.76 and a beta of 1.40.

Institutional Trading of Invesco AI and Next Gen Software ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Opus Capital Group LLC purchased a new position in shares of Invesco AI and Next Gen Software ETF in the 4th quarter worth $1,354,000. Redstone Wealth Management LLC purchased a new stake in Invesco AI and Next Gen Software ETF during the fourth quarter valued at about $425,000. Integrity Alliance LLC. purchased a new stake in Invesco AI and Next Gen Software ETF during the fourth quarter valued at about $1,859,000. Greenspring Advisors LLC acquired a new stake in Invesco AI and Next Gen Software ETF during the fourth quarter worth about $339,000. Finally, Rubicon Advisors GP acquired a new stake in Invesco AI and Next Gen Software ETF during the fourth quarter worth about $375,000.

Invesco AI and Next Gen Software ETF Company 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.