Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Hits New 12-Month High – What’s Next?

Invesco CEF Income Composite ETF (NYSEARCA:PCEF)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $20.44 and last traded at $20.44, with a volume of 79895 shares traded. The stock had previously closed at $20.35.

Invesco CEF Income Composite ETF Stock Performance

The business has a 50 day moving average of $20.15 and a 200-day moving average of $19.89. The company has a market capitalization of $818.01 million, a P/E ratio of 23.11 and a beta of 0.75.

Hedge Funds Weigh In On Invesco CEF Income Composite ETF

A number of large investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Invesco CEF Income Composite ETF in the 2nd quarter worth approximately $25,000. Advisory Services Network LLC bought a new position in shares of Invesco CEF Income Composite ETF in the third quarter worth $40,000. WFA of San Diego LLC purchased a new stake in shares of Invesco CEF Income Composite ETF in the 2nd quarter valued at about $45,000. International Assets Investment Management LLC purchased a new stake in Invesco CEF Income Composite ETF in the fourth quarter valued at approximately $57,000. Finally, Ascentis Independent Advisors bought a new stake in shares of Invesco CEF Income Composite ETF during the 1st quarter worth $95,000.

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. 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).