Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Hits New 1-Year High – Still a Buy?

Shares of Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $63.07 and last traded at $62.9350, with a volume of 1767 shares trading hands. The stock had previously closed at $62.09.

Invesco AI and Next Gen Software ETF Trading Up 1.6%

The business has a fifty day moving average of $58.97 and a 200-day moving average of $55.08. The company has a market cap of $690.67 million, a PE ratio of 28.76 and a beta of 1.13.

Institutional Trading of Invesco AI and Next Gen Software ETF

Several large investors have recently added to or reduced their stakes in IGPT. Harbor Asset Planning Inc. bought a new position in Invesco AI and Next Gen Software ETF in the 2nd quarter worth $29,000. GGM Financials LLC bought a new stake in shares of Invesco AI and Next Gen Software ETF during the 3rd quarter valued at about $34,000. Westside Investment Management Inc. purchased a new position in shares of Invesco AI and Next Gen Software ETF during the second quarter valued at about $33,000. Chung Wu Investment Group LLC purchased a new position in shares of Invesco AI and Next Gen Software ETF during the second quarter valued at about $61,000. Finally, Harbour Investments Inc. raised its stake in Invesco AI and Next Gen Software ETF by 19.1% in the second quarter. Harbour Investments Inc. now owns 1,484 shares of the company’s stock worth $73,000 after buying an additional 238 shares in the last quarter.

Invesco AI and Next Gen Software ETF Company Profile

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.