Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Reaches New 1-Year High – Time to Buy?

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $65.15 and last traded at $65.0650, with a volume of 15331 shares changing hands. The stock had previously closed at $64.05.

Invesco AI and Next Gen Software ETF Trading Up 1.5%

The stock has a fifty day moving average of $59.67 and a 200-day moving average of $55.93. The firm has a market capitalization of $712.07 million, a price-to-earnings ratio of 28.76 and a beta of 1.13.

Institutional Investors Weigh In On Invesco AI and Next Gen Software ETF

Hedge funds have recently made changes to their positions in the company. Harbor Asset Planning Inc. acquired a new stake in Invesco AI and Next Gen Software ETF during the 2nd quarter valued at $29,000. Westside Investment Management Inc. acquired a new position in Invesco AI and Next Gen Software ETF during the second quarter valued at $33,000. GGM Financials LLC purchased a new stake in Invesco AI and Next Gen Software ETF in the 3rd quarter worth about $34,000. SOA Wealth Advisors LLC. boosted 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 worth $34,000 after acquiring an additional 237 shares during the period. Finally, Indiana Trust & Investment Management Co purchased a new position in Invesco AI and Next Gen Software ETF during the 4th quarter valued at about $43,000.

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.