Hennion & Walsh Asset Management Inc. Invests $544,000 in Invesco Next Gen Connectivity ETF $KNCT

Hennion & Walsh Asset Management Inc. bought a new stake in Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,059 shares of the company’s stock, valued at approximately $544,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of KNCT. Raymond James Financial Inc. acquired a new stake in Invesco Next Gen Connectivity ETF during the 2nd quarter worth $229,000. Advisory Services Network LLC purchased a new position in Invesco Next Gen Connectivity ETF during the 3rd quarter worth $25,000. Finally, Fulcrum Equity Management acquired a new position in Invesco Next Gen Connectivity ETF in the fourth quarter valued at $304,000.

Invesco Next Gen Connectivity ETF Stock Performance

Shares of NYSEARCA:KNCT opened at $142.19 on Friday. The company has a 50-day simple moving average of $143.87 and a 200-day simple moving average of $136.74. Invesco Next Gen Connectivity ETF has a one year low of $86.24 and a one year high of $149.53. The stock has a market capitalization of $109.49 million, a price-to-earnings ratio of 24.46 and a beta of 0.96.

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.