Invesco Next Gen Connectivity ETF $KNCT Stock: Outlook Wealth Advisors LLC Reduces Stake

Outlook Wealth Advisors LLC cut its stake in shares of Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT) by 34.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,125 shares of the company’s stock after selling 3,750 shares during the quarter. Outlook Wealth Advisors LLC owned approximately 0.89% of Invesco Next Gen Connectivity ETF worth $1,460,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cetera Investment Advisers bought a new stake in shares of Invesco Next Gen Connectivity ETF during the first quarter valued at approximately $1,885,000. Private Advisor Group LLC grew its stake in Invesco Next Gen Connectivity ETF by 7.0% in the first quarter. Private Advisor Group LLC now owns 4,104 shares of the company’s stock worth $569,000 after purchasing an additional 270 shares in the last quarter. Independent Financial Group LLC bought a new position in Invesco Next Gen Connectivity ETF in the first quarter worth approximately $280,000. Assetmark Inc. grew its stake in Invesco Next Gen Connectivity ETF by 150.7% in the first quarter. Assetmark Inc. now owns 544 shares of the company’s stock worth $75,000 after purchasing an additional 327 shares in the last quarter. Finally, Sound Income Strategies LLC increased its holdings in Invesco Next Gen Connectivity ETF by 109.4% during the 3rd quarter. Sound Income Strategies LLC now owns 2,140 shares of the company’s stock worth $439,000 after purchasing an additional 1,118 shares during the period.

Invesco Next Gen Connectivity ETF Stock Down 5.3%

KNCT opened at $183.01 on Friday. The stock’s fifty day moving average is $198.58 and its two-hundred day moving average is $178.79. The company has a market capitalization of $146.41 million, a P/E ratio of 24.46 and a beta of 1.11. Invesco Next Gen Connectivity ETF has a 52 week low of $126.32 and a 52 week high of $219.83.

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.