Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $19.87 and traded as low as $18.74. Invesco CEF Income Composite ETF shares last traded at $18.82, with a volume of 187,989 shares traded.

Invesco CEF Income Composite ETF Stock Down 1.8%

The firm has a market capitalization of $763.53 million, a price-to-earnings ratio of 23.11 and a beta of 0.78. The firm’s 50 day moving average is $19.82 and its 200 day moving average is $19.88.

Invesco CEF Income Composite ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given a dividend of $0.13 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date was Monday, February 23rd.

Institutional Investors Weigh In On Invesco CEF Income Composite ETF

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada raised its position in shares of Invesco CEF Income Composite ETF by 62.4% during the fourth quarter. Royal Bank of Canada now owns 3,044,256 shares of the company’s stock worth $60,520,000 after purchasing an additional 1,169,654 shares during the period. Larson Financial Group LLC boosted its position in shares of 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. Raymond James Financial Inc. increased its stake in Invesco CEF Income Composite ETF by 13.6% in 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. Sykon Capital LLC increased its stake in Invesco CEF Income Composite ETF by 76.4% in the 3rd quarter. Sykon Capital LLC now owns 169,758 shares of the company’s stock worth $3,390,000 after purchasing an additional 73,543 shares in the last quarter. Finally, Intrua Financial LLC raised its holdings in Invesco CEF Income Composite ETF by 12.2% during the 3rd quarter. Intrua Financial LLC now owns 528,169 shares of the company’s stock worth $10,548,000 after buying an additional 57,317 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. 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).