Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sets New 12-Month High – Here’s What Happened

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) hit a new 52-week high during trading on Wednesday . The stock traded as high as $20.30 and last traded at $20.2820, with a volume of 61603 shares. The stock had previously closed at $20.16.

Invesco CEF Income Composite ETF Trading Up 0.0%

The business has a 50 day moving average of $20.02 and a two-hundred day moving average of $19.94. The firm has a market cap of $828.63 million, a P/E ratio of 23.11 and a beta of 0.78.

Invesco CEF Income Composite ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were given a $0.1301 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 7.7%.

Institutional Trading of Invesco CEF Income Composite ETF

Several hedge funds and other institutional investors have recently modified their holdings of PCEF. Royal Bank of Canada boosted its position in shares of Invesco CEF Income Composite ETF by 62.4% in the fourth quarter. Royal Bank of Canada now owns 3,044,256 shares of the company’s stock valued at $60,520,000 after acquiring an additional 1,169,654 shares during the period. Intrua Financial LLC raised its stake in Invesco CEF Income Composite ETF by 237.9% in the 2nd quarter. Intrua Financial LLC now owns 470,852 shares of the company’s stock worth $9,200,000 after purchasing an additional 331,510 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Invesco CEF Income Composite ETF by 55.9% in the 3rd quarter. Larson Financial Group LLC now owns 892,450 shares of the company’s stock valued at $17,822,000 after purchasing an additional 320,067 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Invesco CEF Income Composite ETF by 8.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,851,970 shares of the company’s stock worth $55,720,000 after purchasing an additional 217,560 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Invesco CEF Income Composite ETF by 13.6% during the 2nd quarter. Raymond James Financial Inc. now owns 1,152,972 shares of the company’s stock worth $22,529,000 after purchasing an additional 137,590 shares in 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. The Index tracks the overall performance of a global universe of United States listed closed-end funds that are organized under the laws of the United States selected by S-Network Global Indexes LLC (the Index Provider).