Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Invesco CEF Income Composite ETF (NYSEARCA:PCEF) saw unusually-strong trading volume on Monday . Approximately 276,714 shares changed hands during trading, an increase of 89% from the previous session’s volume of 146,603 shares.The stock last traded at $17.44 and had previously closed at $17.69.

Invesco CEF Income Composite ETF Stock Down 1.6 %

The company’s fifty day moving average price is $18.82 and its 200-day moving average price is $19.28. The stock has a market capitalization of $720.01 million, a PE ratio of 23.21 and a beta of 0.76.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Invesco CEF Income Composite ETF by 96.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 25,072 shares of the company’s stock valued at $473,000 after purchasing an additional 12,290 shares in the last quarter. Marino Stram & Associates LLC raised its holdings in shares of Invesco CEF Income Composite ETF by 7.2% during the first quarter. Marino Stram & Associates LLC now owns 46,515 shares of the company’s stock valued at $877,000 after purchasing an additional 3,135 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Invesco CEF Income Composite ETF by 14.7% during the first quarter. Janney Montgomery Scott LLC now owns 28,420 shares of the company’s stock valued at $536,000 after purchasing an additional 3,635 shares during the period. BTS Asset Management Inc. purchased a new stake in Invesco CEF Income Composite ETF in the first quarter worth approximately $309,000. Finally, GAMMA Investing LLC grew its position in Invesco CEF Income Composite ETF by 8.0% in the 1st quarter. GAMMA Investing LLC now owns 220,231 shares of the company’s stock worth $4,151,000 after purchasing an additional 16,283 shares during the period.

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.