Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sees Large Volume Increase – Here’s Why

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) shares saw an uptick in trading volume on Monday . 648,663 shares traded hands during mid-day trading, an increase of 366% from the previous session’s volume of 139,103 shares.The stock last traded at $19.09 and had previously closed at $18.97.

Invesco CEF Income Composite ETF Trading Up 0.8 %

The stock has a market cap of $794.85 million, a P/E ratio of 24.64 and a beta of 0.85. The business has a 50-day simple moving average of $19.48 and a 200 day simple moving average of $19.48.

Hedge Funds Weigh In On Invesco CEF Income Composite ETF

A number of large investors have recently modified their holdings of PCEF. Vermillion Wealth Management Inc. purchased a new stake in Invesco CEF Income Composite ETF in the 4th quarter valued at about $26,000. Menard Financial Group LLC bought a new position in shares of Invesco CEF Income Composite ETF in the fourth quarter valued at approximately $57,000. VSM Wealth Advisory LLC bought a new stake in Invesco CEF Income Composite ETF during the fourth quarter worth $85,000. Mezzasalma Advisors LLC purchased a new position in Invesco CEF Income Composite ETF in the fourth quarter worth $207,000. Finally, JPMorgan Chase & Co. boosted its position in Invesco CEF Income Composite ETF by 2,475.6% in the fourth quarter. JPMorgan Chase & Co. now owns 11,590 shares of the company’s stock worth $222,000 after purchasing an additional 11,140 shares during the last quarter.

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.