Prospera Financial Services Inc purchased a new stake in shares of Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT – Free Report) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 3,220 shares of the company’s stock, valued at approximately $432,000.
A number of other institutional investors and hedge funds have also modified their holdings of KNCT. HighTower Advisors LLC purchased a new position in shares of Invesco Next Gen Connectivity ETF during the fourth quarter valued at $21,522,000. Truist Financial Corp acquired a new stake in Invesco Next Gen Connectivity ETF during the fourth quarter valued at $3,220,000. Nilsine Partners LLC acquired a new stake in Invesco Next Gen Connectivity ETF during the fourth quarter valued at $1,384,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Invesco Next Gen Connectivity ETF during the fourth quarter valued at $544,000. Finally, Fulcrum Equity Management acquired a new stake in Invesco Next Gen Connectivity ETF during the fourth quarter valued at $304,000.
Invesco Next Gen Connectivity ETF Stock Performance
KNCT opened at $208.36 on Monday. The stock has a market cap of $164.60 million, a price-to-earnings ratio of 24.46 and a beta of 1.06. Invesco Next Gen Connectivity ETF has a 1 year low of $107.10 and a 1 year high of $208.36. The stock has a fifty day moving average price of $166.92 and a 200 day moving average price of $148.71.
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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