LPL Financial LLC Sells 900 Shares of Invesco Next Gen Connectivity ETF (NYSEARCA:PXQ)

LPL Financial LLC reduced its holdings in shares of Invesco Next Gen Connectivity ETF (NYSEARCA:PXQ) by 7.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,673 shares of the company’s stock after selling 900 shares during the quarter. LPL Financial LLC owned 2.29% of Invesco Next Gen Connectivity ETF worth $929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Invesco Next Gen Connectivity ETF by 5.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 3,238 shares of the company’s stock valued at $258,000 after purchasing an additional 171 shares in the last quarter. Susquehanna International Group LLP bought a new position in Invesco Next Gen Connectivity ETF in the first quarter valued at about $507,000. Ameritas Advisory Services LLC bought a new position in Invesco Next Gen Connectivity ETF in the first quarter valued at about $37,000. Money Concepts Capital Corp bought a new position in Invesco Next Gen Connectivity ETF in the fourth quarter valued at about $100,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Invesco Next Gen Connectivity ETF by 19.6% in the second quarter. Goldman Sachs Group Inc. now owns 10,320 shares of the company’s stock valued at $737,000 after acquiring an additional 1,693 shares during the period.

Invesco Next Gen Connectivity ETF Stock Performance

PXQ stock opened at $83.22 on Friday. Invesco Next Gen Connectivity ETF has a fifty-two week low of $68.15 and a fifty-two week high of $82.04. The business’s 50-day moving average is $77.93 and its two-hundred day moving average is $77.54. The company has a market cap of $42.44 million, a price-to-earnings ratio of 23.25 and a beta of 1.02.

Invesco Next Gen Connectivity ETF Company Profile

PowerShares Dynamic Networking Portfolio (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield of the Dynamic Networking Intellidex Index (the Index). The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.