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

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw unusually-strong trading volume on Friday . Approximately 126,906 shares changed hands during trading, an increase of 48% from the previous session’s volume of 85,580 shares.The stock last traded at $99.70 and had previously closed at $99.47.

Invesco AI and Next Gen Software ETF Stock Up 0.5%

The firm’s 50 day simple moving average is $74.58 and its 200 day simple moving average is $65.73. The company has a market capitalization of $1.13 billion, a PE ratio of 28.76 and a beta of 1.35.

Institutional Trading of Invesco AI and Next Gen Software ETF

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

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.