Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Reaches New 12-Month High – Time to Buy?

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT)’s stock price reached a new 52-week high on Monday . The company traded as high as $106.79 and last traded at $109.29, with a volume of 1004 shares changing hands. The stock had previously closed at $106.40.

Invesco AI and Next Gen Software ETF Trading Down 7.0%

The stock has a market cap of $1.14 billion, a PE ratio of 28.76 and a beta of 1.42. The business’s 50-day moving average price is $88.77 and its 200-day moving average price is $71.11.

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

Institutional investors have recently bought and sold shares of the company. LPL Financial LLC grew its stake in Invesco AI and Next Gen Software ETF by 9.6% during the 4th quarter. LPL Financial LLC now owns 449,076 shares of the company’s stock worth $26,707,000 after buying an additional 39,155 shares during the last quarter. Journey Strategic Wealth LLC raised its stake in Invesco AI and Next Gen Software ETF by 7.8% in the third quarter. Journey Strategic Wealth LLC now owns 303,057 shares of the company’s stock valued at $16,374,000 after buying an additional 21,899 shares during the last quarter. Berkshire Money Management Inc. raised its stake in Invesco AI and Next Gen Software ETF by 0.9% in the fourth quarter. Berkshire Money Management Inc. now owns 245,620 shares of the company’s stock valued at $14,607,000 after buying an additional 2,105 shares during the last quarter. Bank of America Corp DE raised its stake in Invesco AI and Next Gen Software ETF by 5.9% in the third quarter. Bank of America Corp DE now owns 161,385 shares of the company’s stock valued at $8,720,000 after buying an additional 8,953 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in Invesco AI and Next Gen Software ETF by 7.8% in the fourth quarter. Osaic Holdings Inc. now owns 133,192 shares of the company’s stock worth $7,921,000 after acquiring an additional 9,602 shares in the last quarter.

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.