StoneCrest Wealth Management Inc. Invests $7.11 Million in Invesco AI and Next Gen Software ETF $IGPT

StoneCrest Wealth Management Inc. acquired a new position in shares of Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 68,258 shares of the company’s stock, valued at approximately $7,106,000. Invesco AI and Next Gen Software ETF comprises approximately 2.3% of StoneCrest Wealth Management Inc.’s holdings, making the stock its 19th biggest position. StoneCrest Wealth Management Inc. owned 0.51% of Invesco AI and Next Gen Software ETF at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of IGPT. Northwestern Mutual Wealth Management Co. grew its position 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 valued at $6,219,000 after acquiring 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 in the fourth quarter worth about $5,401,000. Royal Bank of Canada boosted its stake in shares of Invesco AI and Next Gen Software ETF by 282.1% in the 4th quarter. Royal Bank of Canada now owns 119,030 shares of the company’s stock valued at $7,078,000 after purchasing an additional 87,882 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Invesco AI and Next Gen Software ETF in the 3rd quarter valued at approximately $2,323,000. Finally, LPL Financial LLC grew its holdings in shares of Invesco AI and Next Gen Software ETF by 9.6% during the 4th quarter. LPL Financial LLC now owns 449,076 shares of the company’s stock valued at $26,707,000 after purchasing an additional 39,155 shares during the last quarter.

Invesco AI and Next Gen Software ETF Price Performance

IGPT stock opened at $91.43 on Monday. The company has a 50 day simple moving average of $95.69 and a 200 day simple moving average of $78.87. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 28.76 and a beta of 1.43. Invesco AI and Next Gen Software ETF has a 1 year low of $48.84 and a 1 year high of $109.32.

Invesco AI and Next Gen Software ETF 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.