Wellington Shields & Co. LLC Invests $361,000 in Invesco Next Gen Connectivity ETF $KNCT

Wellington Shields & Co. LLC acquired 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 (SEC). The fund acquired 2,693 shares of the company’s stock, valued at approximately $361,000. Wellington Shields & Co. LLC owned approximately 0.33% of Invesco Next Gen Connectivity ETF as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Invesco Next Gen Connectivity ETF in the fourth quarter worth $544,000. Nilsine Partners LLC bought a new stake in shares of Invesco Next Gen Connectivity ETF in the fourth quarter worth $1,384,000. Truist Financial Corp bought a new stake in shares of Invesco Next Gen Connectivity ETF in the fourth quarter worth $3,220,000. HighTower Advisors LLC bought a new stake in shares of Invesco Next Gen Connectivity ETF in the fourth quarter worth $21,522,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Invesco Next Gen Connectivity ETF in the fourth quarter worth $81,000.

Invesco Next Gen Connectivity ETF Stock Up 4.7%

Shares of KNCT stock opened at $204.48 on Wednesday. The company’s fifty day simple moving average is $163.33 and its 200-day simple moving average is $147.17. The firm has a market cap of $161.54 million, a PE ratio of 24.46 and a beta of 1.06. Invesco Next Gen Connectivity ETF has a 12 month low of $107.10 and a 12 month high of $204.59.

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.