Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sees Strong Trading Volume – Time to Buy?

Shares of Invesco CEF Income Composite ETF (NYSEARCA:PCEF) saw an uptick in trading volume on Wednesday . 421,257 shares were traded during trading, an increase of 176% from the previous session’s volume of 152,362 shares.The stock last traded at $20.08 and had previously closed at $20.01.

Invesco CEF Income Composite ETF Stock Performance

The firm has a market cap of $833.63 million, a P/E ratio of 23.11 and a beta of 0.76. The stock’s 50 day simple moving average is $19.48 and its 200 day simple moving average is $19.78.

Institutional Trading of Invesco CEF Income Composite ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of PCEF. NewEdge Advisors LLC increased its stake in Invesco CEF Income Composite ETF by 2.7% during the 1st quarter. NewEdge Advisors LLC now owns 37,621 shares of the company’s stock valued at $709,000 after purchasing an additional 983 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Invesco CEF Income Composite ETF by 13.6% in the 2nd quarter. Raymond James Financial Inc. now owns 1,152,972 shares of the company’s stock worth $22,529,000 after acquiring an additional 137,590 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Invesco CEF Income Composite ETF by 0.8% in the second quarter. Bank of America Corp DE now owns 941,215 shares of the company’s stock valued at $18,391,000 after purchasing an additional 7,534 shares during the last quarter. WFA of San Diego LLC purchased a new stake in shares of Invesco CEF Income Composite ETF in the second quarter valued at about $45,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Invesco CEF Income Composite ETF by 20.3% during the second quarter. Geneos Wealth Management Inc. now owns 48,941 shares of the company’s stock valued at $956,000 after purchasing an additional 8,245 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).