Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) Sees Unusually-High Trading Volume – Should You Buy?

Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) saw strong trading volume on Tuesday . Approximately 124,429 shares traded hands during trading, an increase of 9% from the previous session’s volume of 114,577 shares.The stock last traded at $93.47 and had previously closed at $98.14.

Invesco AI and Next Gen Software ETF Stock Up 1.0%

The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 28.76 and a beta of 1.40. The business’s 50-day moving average is $94.86 and its 200-day moving average is $74.23.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Assetmark Inc. acquired a new stake in Invesco AI and Next Gen Software ETF during the first quarter worth about $32,000. SOA Wealth Advisors LLC. lifted its holdings in Invesco AI and Next Gen Software ETF by 71.2% in the fourth quarter. SOA Wealth Advisors LLC. now owns 570 shares of the company’s stock valued at $34,000 after acquiring an additional 237 shares during the period. International Assets Investment Management LLC acquired a new position in Invesco AI and Next Gen Software ETF in the fourth quarter valued at approximately $34,000. Indiana Trust & Investment Management Co purchased a new stake in Invesco AI and Next Gen Software ETF in the 4th quarter worth approximately $43,000. Finally, Harbour Investments Inc. boosted its position in Invesco AI and Next Gen Software ETF by 13.7% in the 4th quarter. Harbour Investments Inc. now owns 1,690 shares of the company’s stock worth $101,000 after purchasing an additional 203 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.