Invesco CEF Income Composite ETF (NYSEARCA:PCEF) Hits New 52-Week High – Here’s What Happened

Invesco CEF Income Composite ETF (NYSEARCA:PCEF)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $20.25 and last traded at $20.2450, with a volume of 14105 shares traded. The stock had previously closed at $20.23.

Invesco CEF Income Composite ETF Trading Up 0.0%

The stock has a 50-day moving average price of $19.96 and a 200 day moving average price of $19.91. The stock has a market capitalization of $828.63 million, a price-to-earnings ratio of 23.11 and a beta of 0.78.

Invesco CEF Income Composite ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were given a $0.1301 dividend. The ex-dividend date was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. CX Institutional purchased a new position in shares of Invesco CEF Income Composite ETF during the 3rd quarter worth $35,000. Advisory Services Network LLC purchased a new position in Invesco CEF Income Composite ETF during the third quarter worth about $40,000. WFA of San Diego LLC purchased a new position in Invesco CEF Income Composite ETF during the second quarter worth about $45,000. International Assets Investment Management LLC acquired a new position in shares of Invesco CEF Income Composite ETF in the 4th quarter worth approximately $57,000. Finally, Global Retirement Partners LLC increased its holdings in Invesco CEF Income Composite ETF by 11,170.5% in the 3rd quarter. Global Retirement Partners LLC now owns 4,959 shares of the company’s stock valued at $99,000 after purchasing an additional 4,915 shares during 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. 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).