Invesco Next Gen Connectivity ETF $KNCT Stake Cut by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC decreased its holdings in shares of Invesco Next Gen Connectivity ETF (NYSEARCA:KNCT) by 34.5% during the third quarter, HoldingsChannel reports. The firm owned 7,125 shares of the company’s stock after selling 3,750 shares during the period. Outlook Wealth Advisors LLC’s holdings in Invesco Next Gen Connectivity ETF were worth $1,460,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KNCT. Cetera Investment Advisers bought a new stake in shares of Invesco Next Gen Connectivity ETF in the 1st quarter valued at about $1,885,000. NTV Asset Management LLC purchased a new stake in shares of Invesco Next Gen Connectivity ETF in the 3rd quarter worth approximately $307,000. Vision Capital Management Inc. bought a new position in shares of Invesco Next Gen Connectivity ETF during the third quarter valued at approximately $307,000. Sound Income Strategies LLC boosted its stake in shares of Invesco Next Gen Connectivity ETF by 109.4% during the third quarter. Sound Income Strategies LLC now owns 2,140 shares of the company’s stock valued at $439,000 after purchasing an additional 1,118 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in shares of Invesco Next Gen Connectivity ETF by 6.6% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 5,204 shares of the company’s stock valued at $1,098,000 after purchasing an additional 320 shares in the last quarter.

Invesco Next Gen Connectivity ETF Stock Down 5.3%

Shares of KNCT stock opened at $183.01 on Friday. The firm has a market cap of $146.41 million, a price-to-earnings ratio of 24.46 and a beta of 1.11. The company’s 50 day moving average is $198.58 and its 200 day moving average is $178.79. 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.