Raymond James Financial Inc. Makes New $1.87 Million Investment in Invesco AI and Next Gen Software ETF (NYSEARCA:IGPT)
Raymond James Financial Inc. acquired a new stake in Invesco AI and Next Gen Software ETF during the fourth quarter, as disclosed in its recent 13F filing with the SEC. The firm purchased 41,232 shares of the company's stock, valued at about $1,865,000. This move indicates Raymond James' interest in the ETF sector. The decision to invest in this specific ETF may be driven by the firm's investment strategy or market outlook.
Raymond James Financial Inc. Stake in Invesco AI and Next Gen Software ETF
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's most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 41,232 shares of the company's stock, valued at approximately $1,865,000. Raymond James Financial Inc. owned about 0.61% of Invesco AI and Next Gen Software ETF as of its most recent SEC filing.
Other Institutional Investments
Other hedge funds and institutional investors have also made changes to their positions in the company. For instance, Members Advisory Group LLC boosted its position in shares of Invesco AI and Next Gen Software ETF by 251.5% in the 4th quarter. Similarly, Marshall Investment Management LLC purchased a new stake in the company in the same quarter, valued at about $5,214,000. Jane Street Group LLC and Bank of Montreal Can also increased their stakes in the ETF during different periods.
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. The 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 from the future media industry. These components may be from any market cap and any geography.
Further Reading
- Five stocks we like better than Invesco AI and Next Gen Software ETF
- Mastering Discipline: Overcoming Emotional Challenges In Trading
- 3 Buyable Stocks With Solid Bottoms Ready to Rebound
- When to Sell a Stock for Profit or Loss
- Advantage+ Shopping: Meta's Fast Growing $20 Billion AI-Ads Star
- What is Insider Trading? What You Can Learn from Insider Trading
- Robotaxi News: What Tesla and Lyft Headlines Mean for Shares
Receive News & Ratings for Invesco AI and Next Gen Software ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco AI and Next Gen Software ETF and related companies with MarketBeat.com's FREE daily email newsletter.