Wellington Shields & Co. LLC purchased a new position in shares of Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund purchased 2,693 shares of the company’s stock, valued at approximately $361,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in Invesco Next Gen Connectivity ETF during the third quarter worth $25,000. Assetmark Inc. bought a new stake in Invesco Next Gen Connectivity ETF during the fourth quarter worth $29,000. International Assets Investment Management LLC bought a new stake in Invesco Next Gen Connectivity ETF during the fourth quarter worth $81,000. Raymond James Financial Inc. bought a new stake in Invesco Next Gen Connectivity ETF during the second quarter worth $229,000. Finally, Fulcrum Equity Management bought a new stake in Invesco Next Gen Connectivity ETF during the fourth quarter worth $304,000.
Invesco Next Gen Connectivity ETF Trading Up 4.7%
NYSEARCA KNCT opened at $204.48 on Wednesday. The firm’s fifty day moving average price is $163.33 and its two-hundred day moving average price is $147.17. Invesco Next Gen Connectivity ETF has a 1 year low of $107.10 and a 1 year high of $204.59. The firm has a market capitalization of $161.54 million, a P/E ratio of 24.46 and a beta of 1.06.
Invesco Next Gen Connectivity ETF Company Profile
The Invesco Next Gen Connectivity ETF (KNCT) is an exchange-traded fund that mostly invests in information technology equity. The fund is passively managed, tracking an index comprised of stocks of companies that derive at least 50% of their revenue from future connectivity technologies and products globally. Fund holdings are selected and weighted based on amount of revenue tied to the segment and market capitalization KNCT was launched on Jun 23, 2005 and is issued by Invesco.
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Want to see what other hedge funds are holding KNCT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT – Free Report).
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