Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Reaches New 1-Year High – Here’s Why

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) reached a new 52-week high during trading on Monday . The company traded as high as $19.90 and last traded at $19.89, with a volume of 9030 shares. The stock had previously closed at $19.82.

Invesco CEF Income Composite ETF Stock Performance

The stock has a fifty day moving average of $19.55 and a 200 day moving average of $19.16. The company has a market capitalization of $792.21 million, a PE ratio of 16.53 and a beta of 0.61.

Institutional Trading of Invesco CEF Income Composite ETF

Several hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in shares of Invesco CEF Income Composite ETF by 15.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,934,535 shares of the company’s stock worth $36,408,000 after acquiring an additional 255,918 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Invesco CEF Income Composite ETF by 100.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 694,634 shares of the company’s stock worth $13,073,000 after acquiring an additional 347,499 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Invesco CEF Income Composite ETF by 0.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 473,012 shares of the company’s stock worth $8,902,000 after acquiring an additional 2,300 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Invesco CEF Income Composite ETF by 18.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 432,379 shares of the company’s stock valued at $8,137,000 after purchasing an additional 66,985 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Invesco CEF Income Composite ETF by 1.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 205,739 shares of the company’s stock valued at $3,872,000 after purchasing an additional 2,551 shares during the last quarter.

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.