Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sees Large Volume Increase – Still a Buy?

Shares of Invesco CEF Income Composite ETF (NYSEARCA:PCEF) saw strong trading volume on Tuesday . 129,082 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 127,955 shares.The stock last traded at $19.28 and had previously closed at $19.19.

Invesco CEF Income Composite ETF Trading Up 0.8 %

The business’s 50 day moving average price is $19.53 and its two-hundred day moving average price is $19.24. The stock has a market cap of $772.26 million, a P/E ratio of 16.53 and a beta of 0.61.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position 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 valued at $36,408,000 after acquiring an additional 255,918 shares during the period. Thrivent Financial for Lutherans increased its holdings in Invesco CEF Income Composite ETF by 157.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 49,556 shares of the company’s stock worth $977,000 after acquiring an additional 30,339 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Invesco CEF Income Composite ETF by 0.5% during the second quarter. Commonwealth Equity Services LLC now owns 473,012 shares of the company’s stock valued at $8,902,000 after purchasing an additional 2,300 shares in the last quarter. Stephens Inc. AR increased its stake in shares of Invesco CEF Income Composite ETF by 50.6% in the third quarter. Stephens Inc. AR now owns 81,561 shares of the company’s stock worth $1,608,000 after purchasing an additional 27,408 shares in the last quarter. Finally, UMB Bank n.a. purchased a new position in shares of Invesco CEF Income Composite ETF during the 2nd quarter valued at $119,000.

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.