Nilsine Partners LLC acquired a new position in shares of Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,331 shares of the company’s stock, valued at approximately $1,384,000. Nilsine Partners LLC owned about 1.28% of Invesco Next Gen Connectivity ETF as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new position in shares of Invesco Next Gen Connectivity ETF in the third quarter worth about $25,000. Raymond James Financial Inc. bought a new stake in shares of Invesco Next Gen Connectivity ETF during the second quarter valued at approximately $229,000. Fulcrum Equity Management bought a new stake in shares of Invesco Next Gen Connectivity ETF during the fourth quarter valued at approximately $304,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Invesco Next Gen Connectivity ETF in the fourth quarter valued at approximately $544,000.
Invesco Next Gen Connectivity ETF Price Performance
KNCT stock opened at $141.50 on Thursday. The company has a 50 day moving average price of $143.78 and a 200 day moving average price of $136.50. 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 market capitalization of $108.96 million, a PE ratio of 24.46 and a beta of 0.96.
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.
Further Reading
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