Prospera Financial Services Inc bought a new position in Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,220 shares of the company’s stock, valued at approximately $432,000. Prospera Financial Services Inc owned about 0.40% of Invesco Next Gen Connectivity ETF as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Advisory Services Network LLC acquired a new position in shares of Invesco Next Gen Connectivity ETF in the 3rd quarter worth $25,000. Assetmark Inc. purchased a new position in shares of Invesco Next Gen Connectivity ETF during the fourth quarter valued at $29,000. International Assets Investment Management LLC purchased a new position in shares of Invesco Next Gen Connectivity ETF during the fourth quarter valued at $81,000. Raymond James Financial Inc. purchased a new position in shares of Invesco Next Gen Connectivity ETF during the second quarter valued at $229,000. Finally, Fulcrum Equity Management purchased a new position in shares of Invesco Next Gen Connectivity ETF during the fourth quarter valued at $304,000.
Invesco Next Gen Connectivity ETF Stock Performance
Shares of KNCT stock opened at $208.36 on Monday. Invesco Next Gen Connectivity ETF has a 1-year low of $107.10 and a 1-year high of $208.36. The company has a market capitalization of $164.60 million, a price-to-earnings ratio of 24.46 and a beta of 1.06. The stock’s fifty day simple moving average is $166.92 and its 200-day simple moving average is $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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