HighTower Advisors LLC Invests $21.52 Million in Invesco Next Gen Connectivity ETF $KNCT

HighTower Advisors LLC purchased a new position in Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 160,651 shares of the company’s stock, valued at approximately $21,522,000. HighTower Advisors LLC owned about 0.20% of Invesco Next Gen Connectivity ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Truist Financial Corp bought a new position in shares of Invesco Next Gen Connectivity ETF in the 4th quarter worth $3,220,000. Nilsine Partners LLC bought a new position in shares of Invesco Next Gen Connectivity ETF in the 4th quarter worth $1,384,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of Invesco Next Gen Connectivity ETF in the 4th quarter worth $544,000. Fulcrum Equity Management bought a new position in shares of Invesco Next Gen Connectivity ETF in the 4th quarter worth $304,000. Finally, Raymond James Financial Inc. bought a new position in shares of Invesco Next Gen Connectivity ETF in the 2nd quarter worth $229,000.

Invesco Next Gen Connectivity ETF Price Performance

Shares of NYSEARCA:KNCT opened at $195.35 on Friday. The company’s fifty day moving average price is $161.02 and its 200-day moving average price is $146.18. The firm has a market capitalization of $154.33 million, a price-to-earnings ratio of 24.46 and a beta of 1.06. Invesco Next Gen Connectivity ETF has a one year low of $107.10 and a one year high of $196.28.

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.