Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Hits New 12-Month High – Should You Buy?

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $20.43 and last traded at $20.42, with a volume of 68115 shares changing hands. The stock had previously closed at $20.31.

Invesco CEF Income Composite ETF Price Performance

The firm has a fifty day moving average of $20.03 and a 200-day moving average of $19.84. The firm has a market cap of $828.04 million, a P/E ratio of 23.11 and a beta of 0.75.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Panoramic Investment Advisors LLC raised its holdings in Invesco CEF Income Composite ETF by 1.0% during the fourth quarter. Panoramic Investment Advisors LLC now owns 54,905 shares of the company’s stock worth $1,092,000 after acquiring an additional 522 shares in the last quarter. Comerica Bank grew its stake in Invesco CEF Income Composite ETF by 2.5% in the third quarter. Comerica Bank now owns 21,965 shares of the company’s stock valued at $439,000 after purchasing an additional 538 shares in the last quarter. Argyle Capital Partners LLC increased its position in shares of Invesco CEF Income Composite ETF by 2.8% during the 3rd quarter. Argyle Capital Partners LLC now owns 24,014 shares of the company’s stock worth $480,000 after purchasing an additional 650 shares during the last quarter. Endowment Wealth Management Inc. increased its position in shares of Invesco CEF Income Composite ETF by 2.5% during the 4th quarter. Endowment Wealth Management Inc. now owns 27,628 shares of the company’s stock worth $549,000 after purchasing an additional 673 shares during the last quarter. Finally, WealthShield Partners LLC raised its stake in shares of Invesco CEF Income Composite ETF by 1.2% during the 4th quarter. WealthShield Partners LLC now owns 63,163 shares of the company’s stock worth $1,243,000 after purchasing an additional 748 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).