UBS Group AG Sells 144,899 Shares of Invesco AI and Next Gen Software ETF $IGPT

UBS Group AG cut its stake in Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) by 18.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 642,314 shares of the company’s stock after selling 144,899 shares during the period. UBS Group AG owned 0.06% of Invesco AI and Next Gen Software ETF worth $38,198,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. SOA Wealth Advisors LLC. boosted its holdings in Invesco AI and Next Gen Software ETF by 71.2% in the fourth quarter. SOA Wealth Advisors LLC. now owns 570 shares of the company’s stock valued at $34,000 after acquiring an additional 237 shares during the last quarter. GGM Financials LLC bought a new stake in Invesco AI and Next Gen Software ETF in the third quarter valued at approximately $34,000. Indiana Trust & Investment Management Co bought a new stake in Invesco AI and Next Gen Software ETF in the fourth quarter valued at approximately $43,000. CWM LLC boosted its holdings in Invesco AI and Next Gen Software ETF by 42.2% in the fourth quarter. CWM LLC now owns 1,728 shares of the company’s stock valued at $103,000 after acquiring an additional 513 shares during the last quarter. Finally, Founders Financial Alliance LLC bought a new stake in Invesco AI and Next Gen Software ETF in the third quarter valued at approximately $97,000.

Invesco AI and Next Gen Software ETF Stock Performance

Invesco AI and Next Gen Software ETF stock opened at $85.51 on Friday. The stock has a market capitalization of $966.26 million, a price-to-earnings ratio of 28.76 and a beta of 1.35. Invesco AI and Next Gen Software ETF has a 52-week low of $42.24 and a 52-week high of $87.22. The stock’s 50 day moving average price is $65.80 and its two-hundred day moving average price is $62.35.

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.