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

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) shares reached a new 52-week high during trading on Monday . The stock traded as high as $20.36 and last traded at $20.33, with a volume of 27970 shares. The stock had previously closed at $20.11.

Invesco CEF Income Composite ETF Trading Down 0.2%

The company’s fifty day moving average is $19.89 and its 200 day moving average is $19.82. The company has a market capitalization of $850.38 million, a P/E ratio of 23.11 and a beta of 0.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Western Wealth Management LLC bought a new position in Invesco CEF Income Composite ETF in the 1st quarter worth approximately $154,000. Bank of America Corp DE boosted its holdings in Invesco CEF Income Composite ETF by 1.4% in the 1st quarter. Bank of America Corp DE now owns 951,608 shares of the company’s stock worth $17,909,000 after buying an additional 13,458 shares during the period. Independent Financial Group LLC bought a new position in Invesco CEF Income Composite ETF in the 1st quarter worth approximately $494,000. Adell Harriman & Carpenter Inc. boosted its holdings in Invesco CEF Income Composite ETF by 10.8% in the 1st quarter. Adell Harriman & Carpenter Inc. now owns 191,374 shares of the company’s stock worth $3,602,000 after buying an additional 18,726 shares during the period. Finally, Fifth Third Bancorp bought a new position in Invesco CEF Income Composite ETF in the 1st quarter worth approximately $399,000.

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. 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).