Hennion & Walsh Asset Management Inc. purchased a new position in shares of Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,059 shares of the company’s stock, valued at approximately $544,000. Hennion & Walsh Asset Management Inc. owned approximately 0.50% of Invesco Next Gen Connectivity ETF at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in Invesco Next Gen Connectivity ETF in the second quarter valued at $229,000. Advisory Services Network LLC acquired a new stake in shares of Invesco Next Gen Connectivity ETF during the third quarter worth about $25,000. Finally, Fulcrum Equity Management acquired a new stake in shares of Invesco Next Gen Connectivity ETF during the fourth quarter worth about $304,000.
Invesco Next Gen Connectivity ETF Stock Performance
Invesco Next Gen Connectivity ETF stock opened at $142.19 on Friday. The company has a market capitalization of $109.49 million, a P/E ratio of 24.46 and a beta of 0.96. Invesco Next Gen Connectivity ETF has a fifty-two week low of $86.24 and a fifty-two week high of $149.53. The stock has a 50-day simple moving average of $143.87 and a 200-day simple moving average of $136.74.
About Invesco Next Gen Connectivity ETF
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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