Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Reaches New 52-Week High – Here’s Why

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) shares hit a new 52-week high on Monday . The company traded as high as $80.00 and last traded at $80.00, with a volume of 1063 shares trading hands. The stock had previously closed at $79.24.

Invesco AI and Next Gen Software ETF Price Performance

The firm’s 50 day simple moving average is $64.88 and its 200-day simple moving average is $61.93. The company has a market cap of $944.12 million, a price-to-earnings ratio of 28.76 and a beta of 1.35.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in Invesco AI and Next Gen Software ETF in the first quarter valued at approximately $2,152,000. IHT Wealth Management LLC acquired a new position in shares of Invesco AI and Next Gen Software ETF in the 2nd quarter valued at $288,000. Corient Private Wealth LLC raised its position in Invesco AI and Next Gen Software ETF by 6.3% in the 2nd 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 last quarter. Wealth Enhancement Advisory Services LLC raised its position in Invesco AI and Next Gen Software ETF by 109.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,725 shares of the company’s stock valued at $1,222,000 after purchasing an additional 11,350 shares during the last quarter. Finally, Sovran Advisors LLC acquired a new stake in Invesco AI and Next Gen Software ETF during the 3rd quarter worth $256,000.

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.