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

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $71.43 and last traded at $71.32, with a volume of 6467 shares trading hands. The stock had previously closed at $70.67.

Invesco AI and Next Gen Software ETF Price Performance

The company has a market capitalization of $796.62 million, a P/E ratio of 28.76 and a beta of 1.17. The stock’s 50 day moving average is $62.60 and its 200-day moving average is $60.71.

Hedge Funds Weigh In On Invesco AI and Next Gen Software ETF

A number of institutional investors have recently bought and sold shares of IGPT. Northwestern Mutual Wealth Management Co. raised its stake in 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 buying an additional 92,790 shares in the last quarter. Jane Street Group LLC bought a new position in Invesco AI and Next Gen Software ETF in the fourth quarter worth about $5,401,000. Royal Bank of Canada raised its stake in Invesco AI and Next Gen Software ETF by 282.1% in the fourth quarter. Royal Bank of Canada now owns 119,030 shares of the company’s stock worth $7,078,000 after buying an additional 87,882 shares in the last quarter. Berkshire Money Management Inc. raised its stake in Invesco AI and Next Gen Software ETF by 48.2% in the third quarter. Berkshire Money Management Inc. now owns 243,515 shares of the company’s stock worth $13,157,000 after buying an additional 79,172 shares in the last quarter. Finally, Two Sigma Investments LP bought a new position in Invesco AI and Next Gen Software ETF in the third quarter worth about $2,323,000.

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.