Nilsine Partners LLC Takes $1.38 Million Position in Invesco Next Gen Connectivity ETF $KNCT

Nilsine Partners LLC purchased a new stake in Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 10,331 shares of the company’s stock, valued at approximately $1,384,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Invesco Next Gen Connectivity ETF during the 2nd quarter worth about $229,000. Advisory Services Network LLC bought a new position in shares of Invesco Next Gen Connectivity ETF in the 3rd quarter valued at about $25,000. Fulcrum Equity Management bought a new position in shares of Invesco Next Gen Connectivity ETF in the 4th quarter valued at about $304,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Invesco Next Gen Connectivity ETF during the 4th quarter worth approximately $544,000.

Invesco Next Gen Connectivity ETF Price Performance

KNCT opened at $141.50 on Thursday. The company has a market cap of $108.96 million, a price-to-earnings ratio of 24.46 and a beta of 0.96. The firm has a 50 day simple moving average of $143.78 and a 200 day simple moving average 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.

Invesco Next Gen Connectivity ETF 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.