Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Sees Strong Trading Volume – Should You Buy?

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPTGet Free Report) saw strong trading volume on Friday . 60,650 shares traded hands during mid-day trading, a decline of 43% from the previous session’s volume of 106,781 shares.The stock last traded at $99.11 and had previously closed at $102.94.

Invesco AI and Next Gen Software ETF Trading Down 2.8%

The company has a market cap of $1.13 billion, a P/E ratio of 28.76 and a beta of 1.42. The company’s fifty day moving average is $90.14 and its 200 day moving average is $71.71.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of IGPT. Jane Street Group LLC purchased a new stake in Invesco AI and Next Gen Software ETF during the 1st quarter valued at about $2,152,000. IHT Wealth Management LLC purchased a new stake in shares of Invesco AI and Next Gen Software ETF during the second quarter valued at approximately $288,000. Corient Private Wealth LLC boosted its stake 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 purchasing an additional 1,677 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Invesco AI and Next Gen Software ETF by 1.8% in the third quarter. Envestnet Asset Management Inc. now owns 27,117 shares of the company’s stock worth $1,465,000 after purchasing an additional 479 shares during the last quarter. Finally, GGM Financials LLC bought a new position in shares of Invesco AI and Next Gen Software ETF in the third quarter worth approximately $34,000.

Invesco AI and Next Gen Software ETF Company Profile

(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.

Further Reading

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