Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Stock Breaks Below 200-Day Moving Average – Here’s What Happened

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT)’s share price crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $83.32 and traded as low as $81.07. Invesco AI and Next Gen Software ETF shares last traded at $81.14, with a volume of 155,584 shares changing hands.

Invesco AI and Next Gen Software ETF Stock Performance

The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 28.76 and a beta of 1.43. The business has a 50-day moving average of $95.29 and a 200-day moving average of $83.32.

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

Institutional investors have recently modified their holdings of the business. Assetmark Inc. acquired a new stake in Invesco AI and Next Gen Software ETF during the 1st quarter worth $32,000. Indiana Trust & Investment Management Co purchased a new position in Invesco AI and Next Gen Software ETF during the 3rd quarter worth $73,000. Compass Financial Management LLC purchased a new position in Invesco AI and Next Gen Software ETF during the 2nd quarter worth $94,000. BOKF NA acquired a new position in Invesco AI and Next Gen Software ETF in the third quarter valued at $128,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Invesco AI and Next Gen Software ETF in the second quarter valued at $151,000.

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.