Raymond James Financial Inc. Makes New $1.87 Million Investment in Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT)

Raymond James Financial Inc. purchased a new stake in Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 41,232 shares of the company’s stock, valued at approximately $1,865,000. Raymond James Financial Inc. owned approximately 0.61% of Invesco AI and Next Gen Software ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Members Advisory Group LLC boosted its position in shares of Invesco AI and Next Gen Software ETF by 251.5% in the 4th quarter. Members Advisory Group LLC now owns 216,753 shares of the company’s stock worth $9,804,000 after buying an additional 155,085 shares in the last quarter. Marshall Investment Management LLC purchased a new stake in shares of Invesco AI and Next Gen Software ETF in the fourth quarter valued at about $5,214,000. Jane Street Group LLC grew its position in shares of Invesco AI and Next Gen Software ETF by 813.4% in the third quarter. Jane Street Group LLC now owns 120,966 shares of the company’s stock valued at $5,504,000 after purchasing an additional 107,722 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Invesco AI and Next Gen Software ETF by 5,755.1% during the 3rd quarter. Bank of Montreal Can now owns 90,227 shares of the company’s stock worth $4,114,000 after purchasing an additional 88,686 shares in the last quarter. Finally, Providence First Trust Co acquired a new position in shares of Invesco AI and Next Gen Software ETF during the 4th quarter worth approximately $2,105,000.

Invesco AI and Next Gen Software ETF Stock Performance

IGPT stock opened at $40.49 on Tuesday. The stock’s 50 day moving average price is $45.36 and its 200 day moving average price is $45.99. The firm has a market cap of $384.25 million, a P/E ratio of 29.20 and a beta of 1.05. Invesco AI and Next Gen Software ETF has a 1 year low of $38.63 and a 1 year high of $50.00.

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.