Berkshire Money Management Inc. Cuts Stake in Invesco AI and Next Gen Software ETF $IGPT

Berkshire Money Management Inc. lessened its stake in shares of Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) by 4.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 234,552 shares of the company’s stock after selling 11,068 shares during the quarter. Invesco AI and Next Gen Software ETF accounts for 1.4% of Berkshire Money Management Inc.’s investment portfolio, making the stock its 19th biggest position. Berkshire Money Management Inc.’s holdings in Invesco AI and Next Gen Software ETF were worth $13,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. GGM Financials LLC acquired a new position in Invesco AI and Next Gen Software ETF during the 3rd quarter worth approximately $34,000. SOA Wealth Advisors LLC. boosted its holdings in Invesco AI and Next Gen Software ETF by 71.2% in 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. International Assets Investment Management LLC acquired a new stake in Invesco AI and Next Gen Software ETF in the fourth quarter valued at approximately $34,000. Indiana Trust & Investment Management Co acquired a new stake in Invesco AI and Next Gen Software ETF in the fourth quarter valued at approximately $43,000. Finally, Harbour Investments Inc. raised its stake in shares of Invesco AI and Next Gen Software ETF by 13.7% during the fourth quarter. Harbour Investments Inc. now owns 1,690 shares of the company’s stock valued at $101,000 after purchasing an additional 203 shares during the period.

Invesco AI and Next Gen Software ETF Stock Up 3.1%

IGPT opened at $102.94 on Friday. The firm’s 50 day moving average is $90.14 and its 200-day moving average is $71.71. Invesco AI and Next Gen Software ETF has a 52-week low of $48.10 and a 52-week high of $109.32. The firm has a market capitalization of $1.16 billion, a P/E ratio of 28.76 and a beta of 1.42.

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.