Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Hits New 1-Year High – Should You Buy?

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $95.48 and last traded at $95.48, with a volume of 32184 shares trading hands. The stock had previously closed at $91.82.

Invesco AI and Next Gen Software ETF Price Performance

The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 28.76 and a beta of 1.35. The firm’s 50-day simple moving average is $72.41 and its 200 day simple moving average is $64.91.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Harbour Investments Inc. raised its stake in Invesco AI and Next Gen Software ETF by 13.7% during the fourth quarter. Harbour Investments Inc. now owns 1,690 shares of the company’s stock worth $101,000 after acquiring an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. increased its position in Invesco AI and Next Gen Software ETF by 71.2% during the 4th quarter. SOA Wealth Advisors LLC. now owns 570 shares of the company’s stock valued at $34,000 after purchasing an additional 237 shares during the period. HighTower Advisors LLC increased its position in Invesco AI and Next Gen Software ETF by 6.5% during the 4th quarter. HighTower Advisors LLC now owns 4,897 shares of the company’s stock valued at $291,000 after purchasing an additional 301 shares during the period. Aspen Investment Management Inc increased its position in Invesco AI and Next Gen Software ETF by 4.2% during the 1st quarter. Aspen Investment Management Inc now owns 7,761 shares of the company’s stock valued at $451,000 after purchasing an additional 314 shares during the period. Finally, Kestra Private Wealth Services LLC grew its holdings in Invesco AI and Next Gen Software ETF by 1.0% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 35,162 shares of the company’s stock worth $1,900,000 after acquiring an additional 331 shares during the period.

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.