Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Invesco CEF Income Composite ETF (NYSEARCA:PCEF)’s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $20.22 and traded as low as $20.19. Invesco CEF Income Composite ETF shares last traded at $20.29, with a volume of 80,411 shares trading hands.

Invesco CEF Income Composite ETF Stock Up 0.4%

The company has a market cap of $815.21 million, a P/E ratio of 23.11 and a beta of 0.75. The stock has a 50 day moving average price of $20.23 and a two-hundred day moving average price of $19.92.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PCEF. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Invesco CEF Income Composite ETF during the second quarter worth $25,000. GAMMA Investing LLC grew its stake in shares of Invesco CEF Income Composite ETF by 129.6% in the second quarter. GAMMA Investing LLC now owns 13,027 shares of the company’s stock valued at $265,000 after acquiring an additional 7,354 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of Invesco CEF Income Composite ETF in the first quarter valued at about $154,000. Bank of America Corp DE increased its position in Invesco CEF Income Composite ETF by 1.4% during the first quarter. Bank of America Corp DE now owns 951,608 shares of the company’s stock worth $17,909,000 after acquiring an additional 13,458 shares during the period. Finally, Independent Financial Group LLC bought a new position in Invesco CEF Income Composite ETF during the first quarter worth about $494,000.

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).