Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Hits New 52-Week High – Time to Buy?

Invesco CEF Income Composite ETF (NYSEARCA:PCEF)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $19.73 and last traded at $19.71, with a volume of 14538 shares. The stock had previously closed at $19.67.

Invesco CEF Income Composite ETF Trading Down 0.1 %

The firm has a 50-day moving average of $19.24 and a 200 day moving average of $18.82. The stock has a market capitalization of $784.63 million, a price-to-earnings ratio of 16.53 and a beta of 0.61.

Hedge Funds Weigh In On Invesco CEF Income Composite ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco CEF Income Composite ETF by 3,096.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,918 shares of the company’s stock worth $36,000 after purchasing an additional 1,858 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Invesco CEF Income Composite ETF during the 2nd quarter worth approximately $49,000. Atticus Wealth Management LLC purchased a new stake in Invesco CEF Income Composite ETF during the 2nd quarter worth approximately $90,000. UMB Bank n.a. purchased a new stake in Invesco CEF Income Composite ETF during the 2nd quarter worth approximately $119,000. Finally, SageView Advisory Group LLC purchased a new stake in Invesco CEF Income Composite ETF during the 1st quarter worth approximately $171,000.

About Invesco CEF Income Composite ETF

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.