Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sets New 52-Week High – Still a Buy?

Invesco CEF Income Composite ETF (NYSEARCA:PCEFGet Free Report)’s stock price reached a new 52-week high on Friday . The stock traded as high as $19.91 and last traded at $19.89, with a volume of 38092 shares changing hands. The stock had previously closed at $19.82.

Invesco CEF Income Composite ETF Stock Performance

The stock has a market cap of $793.61 million, a P/E ratio of 16.53 and a beta of 0.61. The stock has a 50-day moving average price of $19.52 and a 200-day moving average price of $19.41.

Institutional Investors Weigh In On Invesco CEF Income Composite ETF

Several hedge funds have recently bought and sold shares of PCEF. Money Concepts Capital Corp raised its position in shares of Invesco CEF Income Composite ETF by 8.9% during the 4th quarter. Money Concepts Capital Corp now owns 11,847 shares of the company’s stock valued at $227,000 after buying an additional 965 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Invesco CEF Income Composite ETF by 157.9% during the third quarter. Thrivent Financial for Lutherans now owns 49,556 shares of the company’s stock valued at $977,000 after purchasing an additional 30,339 shares in the last quarter. Stephens Inc. AR lifted its stake in Invesco CEF Income Composite ETF by 50.6% during the third quarter. Stephens Inc. AR now owns 81,561 shares of the company’s stock worth $1,608,000 after purchasing an additional 27,408 shares during the last quarter. Mezzasalma Advisors LLC bought a new stake in Invesco CEF Income Composite ETF during the fourth quarter worth about $207,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Invesco CEF Income Composite ETF by 52.9% in the 4th quarter. GAMMA Investing LLC now owns 203,948 shares of the company’s stock worth $3,908,000 after purchasing an additional 70,586 shares in the last quarter.

About Invesco CEF Income Composite ETF

(Get Free Report)

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.

Further Reading

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