Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Sees Large Volume Increase

Invesco CEF Income Composite ETF (NYSEARCA:PCEF) shares saw unusually-strong trading volume on Tuesday . Approximately 345,249 shares traded hands during mid-day trading, an increase of 161% from the previous session’s volume of 132,510 shares.The stock last traded at $18.06 and had previously closed at $17.84.

Invesco CEF Income Composite ETF Trading Down 0.4 %

The company has a market capitalization of $722.31 million, a price-to-earnings ratio of 16.67 and a beta of 0.60. The firm’s 50 day simple moving average is $18.48 and its 200-day simple moving average is $17.90.

Hedge Funds Weigh In On Invesco CEF Income Composite ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its stake in shares of Invesco CEF Income Composite ETF by 21.4% during the 4th quarter. Wells Fargo & Company MN now owns 1,509,494 shares of the company’s stock worth $27,111,000 after purchasing an additional 265,659 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Invesco CEF Income Composite ETF by 101.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,264,646 shares of the company’s stock worth $21,625,000 after purchasing an additional 636,057 shares during the period. Evergreen Capital Management LLC acquired a new position in shares of Invesco CEF Income Composite ETF during the 3rd quarter worth $17,438,000. UBS Group AG boosted its position in shares of Invesco CEF Income Composite ETF by 1.5% in the 3rd quarter. UBS Group AG now owns 868,770 shares of the company’s stock worth $14,856,000 after buying an additional 12,684 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Invesco CEF Income Composite ETF by 13.4% in the 3rd quarter. LPL Financial LLC now owns 854,080 shares of the company’s stock worth $14,605,000 after buying an additional 101,029 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.