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

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) reached a new 52-week high on Monday . The stock traded as high as $19.90 and last traded at $19.89, with a volume of 9030 shares changing hands. The stock had previously closed at $19.82.

Invesco CEF Income Composite ETF Trading Up 0.2 %

The stock has a market cap of $792.21 million, a P/E ratio of 16.53 and a beta of 0.61. The company has a 50-day moving average price of $19.55 and a two-hundred day moving average price of $19.16.

Hedge Funds Weigh In On Invesco CEF Income Composite ETF

Several hedge funds have recently bought and sold shares of the business. Heartwood Wealth Advisors LLC grew its position in Invesco CEF Income Composite ETF by 2.3% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 35,000 shares of the company’s stock valued at $690,000 after acquiring an additional 800 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Invesco CEF Income Composite ETF by 3,096.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,918 shares of the company’s stock valued at $36,000 after acquiring an additional 1,858 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Invesco CEF Income Composite ETF by 0.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 473,012 shares of the company’s stock valued at $8,902,000 after acquiring an additional 2,300 shares during the last quarter. Adell Harriman & Carpenter Inc. grew its position in shares of Invesco CEF Income Composite ETF by 8.2% during the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 32,900 shares of the company’s stock worth $619,000 after buying an additional 2,500 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Invesco CEF Income Composite ETF by 1.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 205,739 shares of the company’s stock worth $3,872,000 after buying an additional 2,551 shares in the last quarter.

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.