Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sets New 1-Year High – Here’s Why

Invesco CEF Income Composite ETF (NYSEARCA:PCEF)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $19.77 and last traded at $19.77, with a volume of 74690 shares. The stock had previously closed at $19.73.

Invesco CEF Income Composite ETF Stock Performance

The stock has a fifty day simple moving average of $19.52 and a 200 day simple moving average of $19.12. The firm has a market cap of $788.22 million, a P/E ratio of 16.53 and a beta of 0.61.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Invesco CEF Income Composite ETF by 100.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 694,634 shares of the company’s stock worth $13,073,000 after purchasing an additional 347,499 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Invesco CEF Income Composite ETF by 15.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,934,535 shares of the company’s stock valued at $36,408,000 after purchasing an additional 255,918 shares during the period. GAMMA Investing LLC bought a new position in Invesco CEF Income Composite ETF in the 3rd quarter worth $2,629,000. Cetera Investment Advisers increased its stake in Invesco CEF Income Composite ETF by 301.0% in the 1st quarter. Cetera Investment Advisers now owns 176,462 shares of the company’s stock worth $3,326,000 after buying an additional 132,460 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Invesco CEF Income Composite ETF by 18.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 432,379 shares of the company’s stock valued at $8,137,000 after acquiring an additional 66,985 shares during the period.

Invesco CEF Income Composite ETF Company Profile

PowerShares CEF Income Composite Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of the S-Network Composite Closed-End Fund Index (the Index). The Fund will normally invest at least 80% of its total assets in securities of funds included in the Index.