Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Sees Strong Trading Volume – What’s Next?

Shares of Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw strong trading volume on Friday . 193,489 shares were traded during mid-day trading, an increase of 196% from the previous session’s volume of 65,280 shares.The stock last traded at $90.33 and had previously closed at $85.51.

Invesco AI and Next Gen Software ETF Stock Up 6.4%

The stock has a market cap of $1.03 billion, a PE ratio of 28.76 and a beta of 1.35. The stock’s fifty day moving average price is $65.80 and its 200 day moving average price is $62.35.

Institutional Trading of Invesco AI and Next Gen Software ETF

Institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco AI and Next Gen Software ETF by 788.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 104,566 shares of the company’s stock worth $6,219,000 after purchasing an additional 92,790 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Invesco AI and Next Gen Software ETF during the fourth quarter valued at $5,401,000. Royal Bank of Canada boosted its position in shares of Invesco AI and Next Gen Software ETF by 282.1% during the fourth quarter. Royal Bank of Canada now owns 119,030 shares of the company’s stock valued at $7,078,000 after buying an additional 87,882 shares during the last quarter. Two Sigma Investments LP bought a new stake in Invesco AI and Next Gen Software ETF in the 3rd quarter worth about $2,323,000. Finally, LPL Financial LLC increased its holdings in Invesco AI and Next Gen Software ETF by 9.6% in 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 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.